Aberdeen Asset Management, which has built a strong brand in Germany in recent years, will be hoping it is not negatively affected by a decision this week to close a €1.5bn open-ended real estate fund, which was hit by liquidity troubles during the financial crisis of 2008.

Aberdeen acquired the German property investment business Degi in December 2007, one of its last purchases before chief executive Martin Gilbert pressed pause on the firm's acquisition strategy in the wake of the downturn.