legg mason inc

Bill Miller will buy out Legg's share of their jointly owned LMM, which oversees funds with $1.8 billion in assets under management.

Legg Mason Inc. reported Thursday its quarterly profit grew 51 percent, thanks to a strategy that has diversified the money manager's investment portfolio.

Legg Mason Inc. announced Thursday it would buy Scotland-based international equity specialist firm Martin Currie to increase its global investment reach by expanding into international stock funds.

Assets under management at Legg Mason jumped 9 percent in June, compared with a year earlier, the Baltimore money manager said Friday.

Baltimore money manager Legg Mason Inc. reported that clients added more than $8 billion in cash to accounts there during its recently finished fiscal year, breaking a six-year streak of client cash going the wrong way — out.

Legg Mason Inc. has agreed to acquire QS Investors, a New York-based investment firm with $4.1 billion in assets under management and nearly $100 billion in assets under advisory.

A California-based unit of Legg Mason Inc. agreed to pay more than $21 million to settle government charges that it did not properly reimburse clients for losses caused by a coding error and engineered trades between clients that cheated one of the parties.

Legg Mason Inc. will be laying off about 20 people in its auditing department in Baltimore at the end of the year.

Legg Mason Inc. reported Friday it earned $86.3 million in the second quarter, a 6.8 percent increase over a year ago.

The local United Way has named a former CEO of Legg Mason Inc. to lead its effort to raise more than $24 million for programs to improve education, financial stability and health for central Marylanders.

Baltimore-based money manager Legg Mason Inc. will be paying out about $10 million in each of the last two quarters of this year as part of severance and other expenses related to streamlining its business, according to regulatory filings

Legg Mason Inc. announced Wednesday it would be shutting down its London-based emerging markets boutique and returning money to investors.

Legg Mason Inc. reported better-than-expected earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn.

As T. Rowe Price weighs whether to remain at its Pratt Street headquarters in the heart of Baltimore, the safety of employees is a key concern, the company's CEO said Wednesday.

Legg Mason Inc. announced the appointment of a new chairman at its annual meeting on Tuesday.

The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the past year, according to proxy statement filed Wednesday with regulators.

Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday.

Baltimore's two major fund companies have joined a small but growing number of investment firms offering ultra short-term bond funds, which may become an alternative to the traditional money market fund.

Legg Mason Inc. has lost two key employees of its Legg Mason Capital Management, including portfolio manager Mary Chris Gay.

Legg Mason Inc.'s compensation committee awarded CEO Joseph A. Sullivan options to purchase a half million shares of the company stock at $31.46 per share, the Baltimore-based money manager announced in a regulatory filing.

Legg Mason Inc. reported Tuesday that it earned $29.2 million in its fourth quarter, down about 62 percent from a year earlier due to added real estate expenses.

T. Rowe Price, which has been a fixture in downtown Baltimore since its founding 76 years ago, is considering moving its headquarters once its current lease expires in 2017, the company said Wednesday.

Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase.

Legg Mason Inc.'s new CEO, Joseph Sullivan, announced members of his executive team, as well as the exit of some top officials, including one who had been in the running for chief executive.

Legg Mason says investors'expectations on bonds don't match market reality

Legg Mason Inc.'s stock, which struggles to recover from the financial crisis of 2008, hit a new 52-week high last week.

Legg Mason Inc. might eliminate some of its less popular funds, while at the same time try to fill gaps in its investment offerings, the chief financial officer of the Baltimore-based money manager said Tuesday.

Legg Mason names a new CEO to turn around the struggling Baltimore-based money manager

Joseph A. Sullivan, who has served as interim leader of Legg Mason Inc. for more than four months, has been named CEO and president of the Baltimore-based money manager, the company announced this morning.

The Wall Street Journal reported Monday that Legg Mason Inc. is expected to announce its new CEO this week, and also will likely name a new independent board member.

The new CEO of Legg Mason must answer questions about Legg Mason's identity, stem the flow of investors withdrawing money and assuage its affiliates to move the Baltimore money manager into the future.

Legg Mason Inc. said it agreed to pay $80 million for European fund manager Fauchier Partners, plus as much as an additional $56 million in the next four years if certain financial targets are achieved.

Legg Mason Inc. reported Friday that it lost $453.9 million in the third quarter due to a previously announced noncash charge of $734 million related to the re-evaluation of certain assets.

Legg Mason Inc. is looking to sublease 78,000 square feet on three floors at its headquarters in Harbor East.

Legg Mason Inc. disclosed that it will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, according to a document filed Tuesday with the Securities and Exchange Commission.

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.

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.

Legg Mason Inc.'s stock retreated Friday, a day after shares shot up on a Reuters news report that 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.

Legg Mason Capital Management's chief investment strategist, Michael Mauboussin, resigned Jan. 2

Terms of deal not disclosed.

Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January.

One of Baltimore's most distinctive landmarks is in bad shape; it will take a citywide effort to save it

One of Baltimore's most distinctive landmarks is in bad shape; it will take a citywide effort to save it

Legg Mason reported Friday that it earned $80.8 million, or 60 cents per share, in the second quarter ended in September.

Legg Mason reports loss following costs related to restructuring its debt.

Legg Mason Inc. reported Tuesday a 10 percent increase in net income for the three months ending March 31.

Investors traditionally have approached bear markets with an eye for bargains. But market volatility has dampened the enthusiasm of many.

Uncertainty continues to hover over the economy, and investors may continue to see outsized, unpredictable market fluctuations.