Legg Mason has acquired two alternative investment companies, EnTrust Capital and Clarion Partners, as well as taking a stake in Precidian Investments, which specialises in ETF solutions.
The firm said: "We have announced three transactions, all of which are designed to provide our global clients with an increasing number of choices for investment strategy, product, vehicle and points of access. Each of these acquisitions enables us to offer you more choice in serving your clients." The new firms add to Legg Mason's range of alternatives capabilities, which it expanded last year with the acquisition of Australia-based infrastructure business. Legg Mason acquires $7.6bn infrastructure fund group Clarion Partners is a private equity real estate investment firm, with...
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