Legg Mason

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  1. Money managers launch new ETFs to satisfy demand

    trueMore active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.

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  1. Legg Mason's assets dip despite inflows

    trueLegg Mason reported $699.2 billion in assets under management as of June 30, down 0.5% from three months earlier and down 1% from a year earlier, said the company's earnings statement released Friday.

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  2. Legg Mason to acquire Sydney-based RARE Infrastructure

    trueLegg Mason will acquire a controlling 75% stake in RARE Infrastructure Ltd., a Sydney-based manager of $7.6 billion in global listed infrastructure assets, from the firm's employees and minority owner Treasury Group/Northern Lights Capital Group, a multiboutique investment firm.

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  3. Firms large and small benefit from PIMCO's problems

    trueBoth large and small fixed-income managers benefited from the turmoil at PIMCO in 2014 as institutional investors moved assets out of the bond giant and into core-plus strategies run by other firms, Pensions & Investments data and interviews show.

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  4. Legg Mason's AUM flat for the year

    trueLegg Mason reported $702.7 billion in assets under management as of March 31, down 1% from three months earlier and flat from a year earlier, said the company's earnings statement released Friday.

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  5. Legg Mason recruits Vanguard executives to develop ETF strategies

    trueLegg Mason has recruited two executives from Vanguard Group to lead its new ETF strategies, spokeswoman Mary Athridge said.

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  6. Market only driver of money manager AUM growth in '14

    trueAssets under management for most publicly-traded money managers inched up in the fourth quarter after they declined nearly across the board in the third quarter.

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  7. Legg Mason's AUM flat in quarter; liquidity outflows cancel strong fixed-income growth

    trueLegg Mason reported $709.1 billion in assets under management as of Dec. 31, flat from three months earlier up 4% from a year earlier.

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  8. William Curtis Livingston, former Western Asset Management CEO, dies at 71

    trueWilliam Curtis Livingston III, the CEO who led Western Asset Management Co. during its purchase by Legg Mason and then oversaw a fourteenfold surge of invested client money, has died. He was 71.

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  9. BlackRock, TCW, others gaining from PIMCO turmoil

    trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.

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  10. Legg Mason's AUM inches up in quarter, rises 8% for year

    trueLegg Mason reported $707.8 billion in assets under management as of Sept. 30, up 0.5% from the end of the previous quarter and up 8% from a year earlier.

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  11. PIMCO's loss could be these fund companies' gain

    truePacific Investment Management Co.'s CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder William H. Gross.

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  12. Legg Mason sees expansion hopes in Martin Currie

    trueAlthough Martin Currie Ltd. has been struggling with underperforming strategies and plummeting assets, Legg Mason Inc. executives saw the Edinburgh-based boutique as the ideal firm to help expand Legg Mason's active non-U.S. equity capabilities.

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  13. Legg Mason acquiring Martin Currie

    trueLegg Mason is acquiring Martin Currie Investment Management, a U.K.-based active global equity specialist.

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