Aberdeen boss gets second chance: report

Martin Gilbert, the Aberdeen Asset Management Plc boss derided in Britain as a 'snake oil salesman' when retail funds he ran went south a few years back, has emerged as the most successful institutional fund manager in Scotland, Bloomberg News reports here.

Aberdeen's U.S. arm, based on Market Street in Center City (and staffed by former Gartmore Global Investments stock managers assembled by Paul Hondros, and bond people formerly with Morgan Grenville), is a rumored likely acquirer of Delaware Group, a larger fund group currently owned by Lincoln National Corp.