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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.
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.
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.
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.
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.
Legg Mason acquiring Martin Currie
trueLegg Mason is acquiring Martin Currie Investment Management, a U.K.-based active global equity specialist.
Managers not straying far from traditional fixed income
trueExpectations that asset owners would be investing more in alternatives to fixed income didn't come to fruition in 2013, according to Pensions & Investments' 2013 money manager survey, as assets in traditional yield-seeking credit investments were the only ones to see gains last year.
Legg Mason AUM increases 3.3% in quarter
trueLegg Mason reported $701.8 billion in assets under management as of March 31 in its earnings report released Thursday, a 3.3% increase from the end of the previous quarter and up 5.6% from a year earlier.
Mercer drops PIMCO, Western Asset as managers of bond fund
trueMercer replaced Pacific Investment Management Co. and Western Asset Management Co. as subadvisers on a bond fund.
Legg Mason adds sales director in Australia
trueColin Taylor joined Legg Mason in Melbourne, Australia, as a director of sales.
Batterymarch's demise marks the end of an era
trueLegg Mason Inc.'s acquisition of QS Investors LLC spells the end of Batterymarch Financial Management Inc., the 45-year-old Boston-based quantitative equity manager that many saw as a pioneer in its field.
Legg Mason to acquire global quant manager QS Investors
trueLegg Mason agreed to acquire QS Investors, a New York-based customized solutions and global quantitative equities provider.
Legg Mason's AUM up 3.6% in quarter
trueLegg Mason on Friday reported a total of $679.5 billion in assets under management as of Dec. 31, up 3.6% from the end of the previous quarter and up 4.7% from a year earlier.
Legg Mason signs head of business development
trueThomas K. Hoops was named executive vice president and head of business development at Legg Mason.
Markets give managers nice boost in quarter
truePublicly traded money managers saw modest gains in assets under management for the quarter ended Sept. 30, helped generally by rising equity markets.