Legg Mason
US asset manager
Legg Mason is a US investment management firm with a focus on asset management and serves customers worldwide.
Legg Mason serves individual and institutional investors on six continents and has $7446bn in AUM (as of 30 June 2018). It uses a multi-manager business model, with each of the company's subsidiaries operating independently.
The company offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments. Created in 1970 through the acquisition of Mason & Co by Legg & Co to form Legg Mason & Co, it has since become the 20th largest asset manager in the world. Among its brands is Edinburgh-based equity specialist Martin Currie.
Investment
Wealth managers are reducing their exposure to hedged share classes in their Japanese fund holdings, in the belief that further yen depreciation now looks less likely.
09 March 2015
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2 min read
US
Legg Mason's chief executive Joe Sullivan has revealed the firm is in acquisition talks with two businesses, while it is also looking to develop its ETF capabilities.
24 February 2015
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Investment Trusts
RIT Capital Partners, the £2.3bn investment trust chaired by Lord Rothschild, is to acquire GVO Investment Management - formerly known as SVG Investment Managers.
19 December 2014
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UK
A fresh flight to safety will ensure government bond yields break through "crazy" record lows again in 2015, Brandywine bond manager Regina Borromeo has said.
09 December 2014
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UK
The high yield bond sector saw its worst third quarter for three years, but the sharp falls are a good entry point for investors, according to Legg Mason affiliate Western Asset.
11 November 2014
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US
Evan Bauman, co-manager of the $3.2bn (£2bn) Legg Mason ClearBridge US Aggressive Growth fund, is still seeing value in blue-chip biotechnology firms in the US despite the huge rally in the wider sector.
06 October 2014
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