The marriage of Aberdeen Asset Management and Standard Life creates one of Europe’s largest fund managers with £600 billion ($738 billion) in assets. The trouble is, even together they may just be a shrinking giant. This is a no-premium, all-share takeover of Aberdeen by Standard Life born of the situation both groups find themselves in. They are active managers under unrelenting pressure from cheaper passive managers in a...

Source: Wall Street Journal March 06, 2017 14:06 UTC