Martin Currie acquires ex-GAM star’s $167m Japan fund

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Martin Currie has hired ex-GAM manager Paul Kirkby and will acquire his $167m Japan long-short fund.

Kirkby and some of his team from boutique PK Investment Management will join Martin Currie and, subject to regulatory approval, the asset manager will acquire his Cayman-domiciled Japan long-short fund.

Kirkby will lead the Martin Currie Japan long/short investment offering alongside co-manager Paul Smith and Martin Currie fund manager Claire Marwick.

Marwick runs the existing Martin Currie Absolute Return strategy, which has $258m in assets.

Kirkby will bring three of PK Investment Management’s admin staff with him too.

“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,” says Willie Watt, chief executive at Martin Currie.

Kirkby quit GAM in 2001 after 16 years at the firm, to launch his boutique firm.