Martin Currie has announced that Paul Kirkby and his investment team are joining the company.
Linked to this transaction, and subject to regulatory approval, Martin Currie will acquire the existing, Cayman domiciled, $167m RIT PK Japan Fund.
Once the necessary approvals and consents are received, Kirkby will lead the Martin Currie Japan long/short investment proposition and is joined by his current co-manager Paul Smith plus incumbent manager, Claire Marwick.
Together this team will be one of the most experienced in this specialist asset class and by combining our resources will manage $425m.
It has long been our belief that, due to the cyclical opportunities and inefficiencies of the Japanese market, that an actively managed long/short approach is one of the most attractive ways for investors to benefit from the breadth of the market, the liquidity available yet protect during any times of high volatility.
Martin Currie has a long pedigree in Japanese equities and over 15 years’ experience in Japan long/short equities. Paul Kirkby enhances this with his proven performance record over a 30 year career.
To underscore the qualities that Paul brings to the firm, his team was nominated for the AsiaHedge Awards for best Japan Fund in 2005, 2009, 2012 and again in 2015. By combining our collective resources we aim to be a leading provider in this specialist area through offshore, Ucits and managed account client offerings.
Commenting on the transaction, Willie Watt, CEO Martin Currie said: “This is a specialist area of the market with very few quality offerings. By combining the proven expertise of Paul Kirkby and his team along with Martin Currie we believe that we bring a product solution to clients that can help them navigate the cyclical nature of Japanese equities and capture the return opportunities available.”
Paul Kirkby, CEO PK Investment Management added; “We are excited to be joining Martin Currie given our compatibility in terms of investment culture and shared values. We look forward to having the support of a large firm which has purposefully retained the best characteristics of a boutique thus ensuring that client interests are central to everything that they do.”