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Absolute Return Tst (ABR)


Friday 15 March, 2013

Absolute Return Tst

Investment Manager/Adviser - Change of Ownership

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.



Peter Vincent

Jubilee Advisers LLP

Tel: +44 (0) 207 009 9100



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