Aberdeen’s fund of hedge funds business has over £4bn of assets under management.
McCaffery will form part of the senior management team, alongside Graham Duce and Aidan Kearney, for the entire hedge fund and long only multi manager business.
McCaffery will report to Anne Richards, chief investment officer and head of alternative investment strategies.
McCaffery previously worked at BlueCrest, where he was a founder member of Alignment Investors, a separately branded division of BlueCrest.
He joined BlueCrest in 2008 following two years as Head of Absolute Return Strategies at Aberdeen, having previously been CEO of Attica Alternative Investments in London, a fund of hedge funds business.
Prior to that, he was a managing director at UBS in London overseeing global coverage of hedge fund investors.
Richards said they are delighted that Andrew is rejoining Aberdeen given how highly regarded he is within the hedge fund industry.
"His return will strengthen further our fund of hedge funds team as we look to build the business," Richards concluded.
