Aberdeen Asset Management is making a renewed push into the increasingly popular multi-asset arena by hiring Mike Brooks, co-founder and manager on one of the UK’s largest multi-asset funds at Scottish rival Baillie Gifford.

Brooks, co-manager of Baillie Gifford's £5.7 billion Diversified Growth fund - its flagship multi-asset strategy - has been with Baillie Gifford since 2000. It has been one of the most successful firms in the field, soft-closing its fund to new inflows in early 2013.