Legg Mason

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  1. 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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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. 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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  8. 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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  9. 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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  10. 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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  11. Legg Mason adds sales director in Australia

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

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  12. 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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  13. 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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