The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Sullivan Buys a $10B Global Shop Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 24, 2014

Sullivan Buys a $10B Global Shop

Reported by Tommy Fernandez

Joe Sullivan, chief executive of Legg Mason is a busy man.

Sullivan, to whom Motley Fool recently gave accolades has completed a deal to acquire the nearly $10 billion AUM Edinburgh-based international equity specialist Martin Currie.

The terms of the deal were not disclosed.

Martin Currie is a 130-year old boutique specializing in global emerging markets, Asian, European and global equities, according to Legg. It also has strategies devoted to Japanese and Chinese markets.

The shop, which has 46 professionals, will become "core independent investment affiliate of Legg Mason, along with Brandywine Global, ClearBridge Investments, The Permal Group, QS Investors, Royce & Associates and Western Asset Management," according to a company statement.

Sullivan has been an active acquirer over the past year, negotiating a deal to buy the New York quant shopQS Investors in March, which is being integrated with Legg's Boston-based Batterymarch Financial Management, as well as Legg Mason Global Asset Allocation.

This is not Sullivan's first foray into England. Legg and its affiliate Permal acquired the London-based Fauchier Partners in March 2013. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use