Martin Currie deal plugs Legg Mason product gap

Legg Mason’s purchase of UK funds boutique Martin Currie, announced yesterday, helps plug a hole in the US asset manager's product range that had grown with its closure of emerging markets specialist Esemplia last year. The deal, which is expected to close in the fourth quarter, adds Martin Currie’s active Asian, emerging market, global and European equity strategies to its line-up, along with $9.8 billion in AUM. The move follows Legg Mason chief executive Joseph Sullivan's com…