Quantcast
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
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q4Q3Q2Q1
2024: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  2. IMEA Content Management Roundtable, September 16
  3. IMEA 2025 Star Awards Celebration, September 16
  4. IMEA Marketing Summit, Sep 16-17
  5. MMI webinar - The Case For Alts In UMAs: Why Incorporating Alternatives Into a UMA Structure Is Becoming a Strategic Imperative, September 16
  6. WE PNW - Mentorship Program Virtual Session: Building Trust to Win New Business and Influence Others, September 23
  7. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  8. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  9. Nicsa webinar - Utilizing AI to Enhance Distribution & Advisor Engagement, September 24
  10. IMEA Portfolio Construction Roundtable, September 24
  11. IMEA Models Roundtable, September 25
  12. Expect Miracles Atlantic Coast Classic 2025, September 29
  13. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  14. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  15. 10th annual Fuse Forum, October 8
  16. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  17. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  18. 2025 MMI Annual Conference, Oct 15-17
  19. Samfund Soiree Manhattan 2025, October 23
  20. Tiburon CEO Summit XLIX, Oct 27-29
  21. 2025 Sohn San Francisco Investment Conference, October 28
  22. Schwab Impact 2025, Nov 2-4
  23. UCITS & AIFMD for U.S. Managers 2025, Nov 4-5
  24. MFDF In Focus webinar - Audit Committee Chair, November 5
  25. 2025 Nicsa Asset & Wealth Management Summit, Nov 11-12
  26. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use