TRANSACTION SUMMARY

On 17 November 2015, Martin Currie, the active equity specialist, announced that it had acquired PK Investment Management (PKIM), the London-based long/short Japan equity boutique.

Led by Paul Kirkby, PKIM is one of the most experienced teams in this specialist category. The team will be enhanced further with the addition of Martin Currie incumbent manager, Claire Marwick. The enlarged team will have total AuM of US$425 million.

Paul Kirkby has also been appointed as lead manager of the Legg Mason Japan Absolute Alpha Fund, a Luxembourg-domiciled UCITS fund.

MARTIN CURRIE

Martin Currie is an active equity specialist, driven by investment expertise and focused on managing money for a wide range of global clients. Martin Currie is an independent investment affiliate of Legg Mason, a global asset management firm with over US$670 billion in AuM as of 30 September 2015.

PAUL KIRKBY

Paul is a highly experienced portfolio manager who has managed Japanese equities for over 30 years. Prior to forming PKIM in 2002, Paul worked for Global Asset Management (GAM), joining in 1985 before being appointed Director in 1987. While at GAM Paul managed Japan long only and hedge portfolios firstly based in Hong Kong before relocating to London in 1992.

ROLE

SHP acted as financial adviser to Martin Currie.