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Legg Mason, Inc.

A collection of news and information related to Legg Mason, Inc. published by this site and its partners.

Top Legg Mason, Inc. Articles

Displaying items 13-24
  • Legg Mason to shutter London-based boutique

    Legg Mason to shutter London-based boutique
    Legg Mason Inc. announced Wednesday it would be shutting down its London-based emerging markets boutique and returning money to investors. Esemplia Emerging Markets manages $500 million in assets, not large enough to keep operating, Legg said. The firm,...
  • Legg Mason's new CEO sees compensation more than double

    Legg Mason's new CEO sees compensation more than double
    The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based...
  • Legg Mason Inc. expands board by adding two directors

    Legg Mason Inc. expands board by adding two directors
    Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday. Joining the board are John V. Murphy, a formerly of Korn/Ferry International, and John H. Myers, a retired...
  • Two key employees leave Legg Mason Capital Management

    Two key employees leave Legg Mason Capital Management
    Legg Mason Inc. has lost two key employees of its Legg Mason Capital Management, including portfolio manager Mary Chris Gay. Gay, manager of an overseas version of the subsidiary's well-known Value Trust fund, and Randy Befumo, head of research at Legg...
  • T. Rowe Price, Legg Mason offering up ultrashort-term bond funds

    T. Rowe Price, Legg Mason offering up ultrashort-term bond funds
    Baltimore's two major mutual fund companies have joined a small but growing number of investment firms offering ultrashort-term bond funds, which may become an alternative to the traditional money market fund. The T. Rowe Price Ultra Short-Term Bond...
  • Legg Mason reports loss of nearly $454 million

    Legg Mason reports loss of nearly $454 million
    Legg Mason Inc. reported Friday a $453.9 million loss for the third quarter, following a previously announced $734 million writedown of certain assets. On a per-share basis, the Baltimore-based money manager lost $3.45. For the corresponding quarter a...
  • Industry experts suggest what Legg Mason's new CEO must do

    Industry experts suggest what Legg Mason's new CEO must do
    After more than four months without a permanent leader, Legg Mason Inc.'s search for a new CEO might finally be near the end. It probably can't come soon enough for employees and investors who have lived through months of uncertainty. "The longer it...
  • Storied Legg Mason unit to merge into New York sister subsidiary

    Storied Legg Mason unit to merge into New York sister subsidiary
    Legg Mason Inc. plans to lay off an undisclosed number of employees as it folds its once high-profile Legg Mason Capital Management unit in Baltimore into a much larger investment division based in New York. Capital Management rose to fame under star...
  • Legg Mason Inc. to take $734 million charge

    Legg Mason Inc. to take $734 million charge
    Legg Mason Inc. will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, the Baltimore-based money manager disclosed Tuesday in a filing with the Securities and Exchange Commission. Last month, Legg...
  • Legg Mason stock slides a day after rising on sale rumor

    Legg Mason stock slides a day after rising on sale rumor
    Legg Mason Inc.'s stock retreated Friday, a day after shares shot up on a report that the company's board rejected — at least for now — a proposal by senior managers at its affiliates and private equity investors to take the company private....
  • T. Rowe Price, Legg Mason get approval to launch active ETFs

    T. Rowe Price, Legg Mason get approval to launch active ETFs
    Baltimore-based money managers T. Rowe Price and Legg Mason Inc. may offer actively managed exchange-traded funds after receiving a thumbs up from regulators. The Securities and Exchange Commission approved Price's application earlier this month to be...
  • Legg Mason Capital Management's chief investment strategist resigns

    Legg Mason Capital Management's chief investment strategist, Michael J. Mauboussin, resigned as of Jan. 2, said Mary Athridge, Legg Mason Inc.'s spokeswoman. Mauboussin's resignation is not a surprise, and he's expected to announce his plans in the...