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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 37-48
  • 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...
  • Legg Mason accelerates dividend payment

    Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes...
  • Legg Mason plans to acquire European provider of funds of hedge funds

    Baltimore-based Legg Mason Inc. announced Thursday morning it has agreed to acquire Fauchier Partners, a manager of funds of hedge funds based in Europe. The terms of the deal were not disclosed. Fauchier will be merged into Legg's subsidiary Permal, an...
  • Monumental undertaking

    Monumental undertaking
    Tonight, we celebrate the season with the lighting of Baltimore's Washington Monument. But unless we take needed action, we are at risk of losing this festive tradition — along with one of our city's most iconic landmarks. Sadly, the monument...
  • Legg Mason CEO shuffles executive team

    Legg Mason CEO shuffles executive team
    Legg Mason Inc.'s new CEO, Joseph A. Sullivan, announced Tuesday a shake-up of his executive team and the exit of some top officials, including one who had been in the running for chief executive. Sullivan, a Legg insider who was named CEO and...
  • Legg focused on reversing fund withdrawals

    Legg Mason Inc. has bounced back from the worst of the financial crisis by many counts. The Baltimore financial powerhouse has cleaned up its balance sheet without government help, returned to profitability and initiated a major cost-cutting program to...
  • Keep the faith in Baltimore schools' success

    Keep the faith in Baltimore schools' success
    The uphill path of progress is rarely charted in a straight line. Last week's news that test scores for city students declined, in contrast to steady gains over the prior three years, does not detract from our confidence in the direction of Baltimore...
  • N.Y. investor Peltz buys a bigger share of Legg Mason

    New York investor Nelson Peltz has acquired a bigger share of Baltimore-based Legg Mason Inc., buying 2.65 million shares of the Baltimore money manager for $76.5 million between Aug. 1 and Aug. 3, a Securities and Exchange Commission filing shows. The...
  • Activist investor Peltz buys more Legg shares

    Activist investor Nelson Peltz has virtually reached the limit on his ownership stake of Baltimore-based Legg Mason Inc. after his latest stock purchase late last week. Peltz bought an additional 790,000 shares of Baltimore-based Legg Mason Inc. on Aug....
  • Anxious investors try to remain calm amid wild swings in market

    Anxious investors try to remain calm amid wild swings in market
    Veteran money manager Brian Kroneberger Jr. didn't sleep well last week — and neither did his clients — as markets whipsawed and the Dow Jones industrial average posted Tums-popping losses and heart-pounding gains on a daily basis. Nervous...
  • In volatile market, some see bargains, others, pitfalls

    As the Dow took another 400-point tumble Thursday, Baltimore money manager David Stepherson found himself talking one client out of selling everything. "I advised him that it would not be a good idea because our view of things is that this is going to be...