Legg Mason

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  1. 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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  1. 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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  2. 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.

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  3. 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.

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  4. 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.

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  5. Legg Mason adds sales director in Australia

    trueColin Taylor joined Legg Mason in Melbourne, Australia, as a director of sales.

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  6. 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.

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  7. 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.

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  8. 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.

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  9. Legg Mason signs head of business development

    trueThomas K. Hoops was named executive vice president and head of business development at Legg Mason.

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  10. 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.

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  11. Legg Mason's AUM posts 2% uptick in Q3

    trueLegg Mason reported on Friday a total of $656 billion in assets under management as of Sept. 30, up 2% from June 30 and up 1% from Sept. 30, 2012, according to its earnings release.

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  12. Legg Mason closings, revamp to cost $20 million

    trueLegg Mason expects to incur a total of $20 million in severance and other costs in this and the next quarter.

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  13. Ohio Highway Patrol terminates WAMCO to fund non-traditional bond commitment

    trueOhio State Highway Patrol Retirement System, Columbus, terminated Western Asset Management Co. from a $22 million domestic high-yield fixed-income portfolio, said Mark Atkeson, executive director.

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