Displaying 96 results
Bank stock beatdown puts a hurt on Berkowitz, Miller
Famed fund managers heavily invested in financials; right now, not so good
Legg Mason’s Mark Fetting riles up directors, sources say
Board members reportedly unhappy with pace of turnaround at asset manager
Berkowitz, Heebner and Miller in tight battle — for last place
Three famed stock-pickers having a dismal year so far, with big bets crapping out; stil time to be right, however
Legg Mason’s woes raise doubts about future
Given the continuing exodus of its sales executives, struggles with fund outflows and an unexpected $74 million in compensation-related expenses disclosed this month, Legg Mason Inc. has many doubting that it will hit its goal of increasing operating margins to 30% by early next year
Comeback kid? Bill Miller vaults to top of mutual fund heap
2010 was a very bad year for legendary stock picker Bill Miller. But the 'Great Rotation -- developed nations in, emerging markets out -- has reversed the fortunes of the Legg Mason fund manager.
Legg Mason overhauls executive ranks
Following a quarter in which it sustained nearly $13 billion in net outflows, Legg Mason Inc. is reorganizing its senior ranks
Big loss for Legg Mason, as national broker-dealer sales head Joe Lohrer set to scoot
Twenty-five-year veteran reportedly going to Blackstone; latest exit of many
Biggest 12(b)-1 reform losers? These three firms
AllianceBernstein Holding LP, Franklin Resources Inc. and Waddell & Reed Financial Inc. are the three publicly traded mutual fund companies with the most at stake pending the SEC's 12(b)-1 reform.
Will the SEC’s 12(b)-1 plan smack Legg Mason?
The SEC's proposed revision of mutual fund fees has yet to be finalized, but analysts are already analyzing on how reform may affect some fund companies.
Will the SEC’s 12(b)-1 plan smack Legg Mason?
Analysts question whether planned cost savings will be offset by proposed cap on mutal fund fees
Investors yanking assets from Legg Mason funds
Legg Mason Inc. fell as much as 3.6 percent in New York trading after reporting that fund withdrawals more than doubled from the prior quarter.
Legg Mason tabs new retail distribution exec
Legg Mason Inc. named Tom Hirschmann to head of its institutional unit in the U.S., replacing Kim Mustin, who is leaving the asset-management firm.
Bill Miller: Forget a double-dip, S&P is set to spike
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
Legg Mason eying acquisitions, lift-outs overseas
Just days after announcing job cuts domestically, Legg Mason Inc. is looking to make acquisitions or lift-outs internationally to expand its presence abroad.
Legg Mason to eliminate 350 jobs
Legg Mason Inc. plans to eliminate 350 jobs to cut costs and buy back $1 billion in shares after suffering the biggest losses among publicly traded money managers during the credit crisis.
Legg Mason seeks OK to offer actively managed ETFs
Legg Mason Inc. yesterday filed papers with the Securities and Exchange Commission seeking permission to offer actively managed exchange-traded funds.
Few changes seen in changing of the guard at Legg Mason
Successor to Value Trust legend Bill Miller says investment styles are similar; 'a few tweaks'
Fund firms step up hiring
As investors slowly dip their toes back into the stock market, mutual fund companies are cautiously hiring again.
Peltz appointment raises privacy issue
The appointment last week of billionaire activist investor Nelson Peltz to Legg Mason Inc.'s board is rekindling speculation in the industry that the asset management giant eventually will be taken private — but experts said that the company will likely remain public in the near term.
