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Sacramento County Employees pension fund taps Brandywine for global bonds
Sacramento County (Calif.) Employees' Retirement System hired Brandywine Global Investment Management to run a global fixed-income portfolio, according to recently released minutes of the April 17 board meeting.
Legg Mason assets rise 2.4%, but profit tumbles 62% in quarter
Legg Mason reported Tuesday assets under management of $664.6 billion as of March 31, up 2.4% from the previous quarter and a 3.3% rise from a year earlier.
Legg Mason shuffles top executives
Ronald R. Dewhurst, head of global investment managers, and Thomas P. Lemke, general counsel and head of governance, have left Legg Mason.
Sullivan to lead Legg Mason
Joseph Sullivan was named CEO of Legg Mason, the company announced early Wednesday.
Legg to name Sullivan CEO
Joseph Sullivan will be named CEO of Legg Mason on Wednesday, according to a source close to the situation who asked not to be identified.Mary Athridge, Legg Mason spokeswoman, could not be reached for comment.Mr. Sullivan replaces Mark Fetting, who resigned as chairman and CEO Oct. 1. Mr. Sullivan
Legg Mason's AUM drops in quarter, inches up in 2012
Legg Mason on Friday said its assets under management totaled $648.9 billion as of Dec. 31, a 0.2% decline from the previous quarter but up 3% from the end of 2011.
Chief investment strategist leaves Legg Mason
Michael Mauboussin resigned as chief investment strategist at Legg Mason Capital Management.
2012 was a year of deals for big hedge funds of funds
2012 has been the year of the deal for the hedge funds-of-funds industry as players seek bigger partners with strong defined contribution and retail investor distribution networks to help them find new sources of inflows.
Best Places to Work Winner: WAMCO
At Western Asset Management Co., top executives expect you will do a great job, but don't be too egotistical about it.
Best Places to Work Winner: ClearBridge
On a clear day, visitors to the 48th floor glass-walled offices of ClearBridge Advisors near New York's Times Square can see south to where the new tower is rising from ground zero of the old World Trade Center — where the core of the firm was forged before ClearBridge was even founded.
Pressures make going tough for multiboutique managers
The multiboutique investment manager structure has come under increased pressure in today's low-return environment, with burdens such as additional organizational complexity, overlapping capabilities and obstacles to providing solutions or outcome-oriented strategies.
WAMCO-Legg Mason spat could cause split
A dispute between executives at Western Asset Management Co. and parent Legg Mason Inc. over who should handle distribution in the defined contribution and retail markets is fueling the two firms' possible split.
Legg Mason sees 1st net inflows for quarter in 6 years as AUM rises 3%
Legg Mason on Friday reported a 3% increase in assets under management to $650.7 billion in the quarter ended Sept. 30 — the first quarter of net inflows for the money manager in six years.
ClearBridge adds co-CIO, changes funds' names
Scott Glasser has been named co-chief investment officer of ClearBridge Advisors.
Legg Mason takes $4 million charge on Fetting departure
Legg Mason Inc. expects to incur roughly $4 million in charges for the current quarter as a result of the separation agreement the company reached with Mark R. Fetting, its CEO, president and chairman, according to a filing with the SEC.