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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.
Publicly traded money managers not seeing asset growth
trueMoney managers reported flat and, in many cases, declining assets under management for the quarter ended June 30.
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.
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.
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.
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.
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.
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.
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.
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.