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Martin Currie Reports First Loss in 132 Years on China Fund

Bloomberg – Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund.

The fund manager had a loss of 9.3 million pounds ($14 million) before tax, interest and other items compared with a profit of 7.7 million pounds in 2011, Martin Currie said in an e-mailed response to questions today. Revenue fell to 33.8 million pounds from 65.5 million pounds in 2011.

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