Legg Mason Inc.
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Legg Mason wants to build 'better' ETFs
Legg Mason Inc. has asked U.S. securities regulators for permission to build index-tracking ETFs, a first step toward building its own business after poaching two Vanguard executives.In a statement Wednesday, Legg Mason said its application is “the next step in building the organizational structure
Liquidity restrictions haunt money-market funds
As investors hunt for yield and security, money-market fund managers detail their changes.
Investors see few benefits of lower fees in adviser-sold investments
Managed accounts sold by advisers deflect trend toward lower-fee money management as brokers work to maintain profits: Cerulli.
Legg Mason snags two top executives from Vanguard for ETF push
Baltimore-based mutual fund manager takes big step toward a popular product.
6 market developments to watch for in 2015
Legg Mason's seven asset management affiliates offer differing views on global investment opportunities ahead.
MLP funds, once seemingly immune, show signs of frailty as energy prices fall
Popular category for yield-starved investors posts first quarterly decline in two years.
Satisfied with Legg Mason turnaround, activist investor Nelson Peltz leaves board
Stock price of money manager more than doubled since 2012 with new CEO and cost cuts as inflows return.
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.
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
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.
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.