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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.
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.
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.
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.
Next step for Legg Mason: international
trueLegg Mason CEO Joseph Sullivan is looking to acquire or create an overseas equity brand, but analysts say he might have trouble attaining his goal.
June swoon dents Q2 manager AUM
trueJune changed everything.
Legg Mason sells value equity unit in MBO
trueLegg Mason sold Private Capital Management, a value equity subsidiary based in Naples, Fla., to PCM management. Terms were not disclosed.
Legg Mason's assets slide 3.1% in quarter from market losses, outflows
trueLegg Mason Inc. on Thursday reported a total of $644.5 billion in assets under management as of June 30; down 3.1% from the prior quarter but up 2% from a year earlier.
Kass selected as non-executive chairman of Legg Mason
trueDennis Kass was elected Tuesday as non-executive chairman of Legg Mason Inc.
Legg Mason seeks to grow revenue through equities, alternatives
trueLegg Mason CEO Joseph A. Sullivan said Tuesdaythat among institutional clients, the company is seeing a “continued migration away from the core and core-plus (bond) strategies that we traditionally built our business around.”
Bill Miller's old fund starts a new streak
trueLegg Mason Capital Management Value Trust, the fund legendary stock picker Bill Miller famously steered to 15 consecutive years of outperformance, is back to its winning ways.
Legg Mason CFO says firm may expand into private equity
trueLegg Mason Inc. is considering expanding into private equity, real estate and infrastructure, said Chief Financial Officer Peter Nachtwey.