Martin Currie says buys $167 mln RIT PK Japan hedge fund

November 17, 2015 4:46 PM

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LONDON Nov 17 Equity manager Martin Currie, part of U.S.-based Legg Mason, said on Tuesday it had agreed to buy long-short hedge fund RIT PK Japan Fund, which has $167 million in assets, for an undisclosed amount.

As part of the deal, managers Paul Kirkby and Paul Smith would join Martin Currie and see their fund's assets merged with those of incumbent manager Claire Marwick, to boost Martin Currie's Japan equity long-short fund to $425 million in assets.

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