Absolute Return Trust Limited Investment Manager/Adviser - Change of Ownership (1712A)
15 Marzo 2013 - 5:51PM
UK Regulatory
TIDMABR
RNS Number : 1712A
Absolute Return Trust Limited
15 March 2013
Absolute Return Trust Limited (the "Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
42733)
Investment Manager/Adviser - Change of Ownership
15 March 2013
Further to the announcement of 13 December 2012, Legg Mason,
Inc. (NYSE: LM) and its affiliate Permal announced the completion
of the acquisition of Fauchier Partners, the Company's Investment
Manager, from BNP Paribas Investment Partners on 13 March 2013.
Legg Mason is a global asset management firm with $661 billion
in assets under management as of 28 February 2013. The Company
provides active asset management in many major investment centres
throughout the world. Legg Mason is headquartered in Baltimore,
Maryland, and its common stock is listed on the New York Stock
Exchange (symbol: LM).
Permal is a leading global alternative asset manager, offering
investment solutions through established funds and customized
portfolios. Established in 1973, the Group has four decades of
experience in manager selection, asset allocation and risk
management.
With immediate effect, the name of the Company's Investment
Manager has changed to Jubilee Asset Management Limited and the
Investment Adviser to Jubilee Advisers LLP.
Enquiries:
Peter Vincent
Jubilee Advisers LLP
Tel: +44 (0) 207 009 9100
This information is provided by RNS
The company news service from the London Stock Exchange
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