Legg Mason Inc.
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Bill Miller's old fund starts a new streak
Legg 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. The $2.4 billion mutual fund (LGVAX) returned 30.73% over the one-year period ended May 24, beating the S&P 500's
Do call it a comeback: Bill Miller's old fund starts a new streak
The fall for Legg Mason's Value Trust fund was swift, once its run of besting the S&P 500 for 15 straight years came skidding to a halt. But now, Bill Miller's old fund is starting a new streak — and Miller is on a roll of his own with a different fund.
Legg boss is upbeat, but analyst worries
Firm has seen its total assets under management drop by 35% since 2008, to $654 billion, from $1 trillion.
Shares of asset manager may deserve another look
As investments go, Legg Mason Inc. (LM) has been a bit of a bust for much of the past decade. The stock is up about 6% this year, which is in stride with the S&P 500, but it lags way behind the asset management industry's 12% average performance. On a 10-year annualized basis, the stock is up just
New Legg Mason boss upbeat, but analyst worried about firm 'long-term'
Joseph Sullivan sees better days ahead; bond route could prove nettlesome, warns Morningstar
Legg Mason new head, Joseph Sullivan, faces tall order
Joseph Sullivan has served as Legg Mason's interim boss for five months. Now that he's been given the job permanently, the company's new CEO faces a tough slog.
AllianceBernstein's iPad app supports multiple uses
AllianceBernstein LP has taken a future-proofing approach to building its slick AB Connect iPad application, which officially launched Monday. Built using a mix of HTML5 technologies, the app for financial advisers supports multiple-use scenarios.
Take cue from Costanza: Do the opposite of your gut
Financial advisers could learn a thing or two from George Costanza of “Seinfeld” when it comes to investing.
Legg's plan for savings
To take advantage of football season, the Legg Mason Retirement Advisory Council has kicked off the First & Ten retirement savings program.
Time to break up Legg?
Now that its chairman and chief executive, Mark Fetting, is on the way out, Legg Mason Inc. is headed for a shake-up that could result in the sale of one or more of its affiliates.
SEC's new advisory cop learned beat at Legg Mason
After spending more than a decade guiding Legg Mason Inc. through the legal and compliance thicket, Andrew Bowden now sits across the table from his former colleagues.
Exotic strategies a mixed bag for target funds
PERFORMANCE VARIES LESS ROBUST RESULTS Mutual fund managers' use of exotic strategies, including leverage and derivatives, so far is yielding varying performance and mixed reviews from financial advisers. Firms using leverage and derivative-based strategies to boost the performance of their
Miller's successor changing little at Value Trust
Bill Miller's decision to relinquish the reigns of Legg Mason Capital Management Value Trust in April is unlikely to herald big changes in how the $2.8 billion fund is being run, according to the fund's incoming lead manager, Sam Peters
Miller's crossing puts Peters under the gun
Transition of management at Legg Mason's flagship fund may worry some investors; 'you can't come in and be someone else'
Half mast: Legg Mason's Bill Miller stepping down from flagship fund
Famed boss of Value Trust on a losing streak; to stay on as head of capital management unit
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February 27, 2014