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.
Regina Borromeo has more than doubled exposure to mortgage-backed securities in the Legg Mason Income Optimiser fund since the start of the year as a play on the housing recovery in Europe.
Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.
Turning Martin Currie into a powerhouse
Legg Mason's CEO tells Investment Week about his ambitious plans for Martin Currie after finally securing a deal the US giant had been chasing "for years".
With US equities marking 4 July celebrations by reaching fresh highs this week, Investment Week looks at the best performers of the past three years.
Legg Mason has wound up its £7m Continental European Equity fund following a run of poor performance, as it continues with the restructure of its US business.
Legg Mason's Evan Bauman has compared the market conditions in the US to the bubble environment of 2000 as valuations reach record levels.
Brazil and Mexico offer the best opportunities for investors seeking an entrance to emerging market debt, Western Asset Management Europe's director has suggested.
David Coombs, head of multi-asset at Rathbone Unit Trust Management, is cutting out all passive equity exposure across his fund range and buying concentrated, high conviction portfolios in an effort to add alpha.
Fixed income experts share views on recent market moves at Investment Week's Strategic Bond Focus.