mutual funds

• Business

Veteran fund manager Bill Miller separates from Legg Mason

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

By Sarah Gantz

Aug 11, 2016

• Opinion

Workers who serve society are not rewarded for dedication [Commentary]

We should forgive the student debts of graduates who choose professions in social work, child care, elder care, nursing and teaching

• Maryland

In support of court's Hobby Lobby decision [Letter]

• Opinion

Corporations are financing public education [Letter]

Wrong to suggest that 'corporation' is a dirty word in city charter school debate

• Opinion

MarylandCAN isn't interested in kids but in pushing an anti-public school agenda [Letter]

MarylandCAN isn't interested in kids but in pushing an anti-public school agenda

• Baltimore City Paper

Primer on the Federal Bailout of Fannie Mae and Freddie Mac

• Baltimore City Paper

Income Tax Rates Fall for Most Deserving

• Baltimore City Paper

AIG Financial Services = "Capital Decimation Partners"

• Baltimore City Paper

The Giant Financial Shitpile: Three Views

• Baltimore City Paper

Derivatives and Computers

• Baltimore City Paper

End of the New Century: SEC investigation causes problems for Maryland-based subprime lender New Century Financial Corp.

• Baltimore City Paper

We'll Call Them, um, "Bail Bonds"?

• Baltimore City Paper

All the Money in the World-and Then Some

• Baltimore City Paper

Counterparty Risk Explained

• Baltimore City Paper

Goldman Fraud Is Not Goldman's Alone

• Baltimore City Paper

Rumors of Under Armour Takeover

• Baltimore City Paper

WSJ: SEC in Talks With Banks to End Probe

• Baltimore City Paper

Financial Meltdown Caused by Subversion, Pentagon Contractor Supposes

• Baltimore City Paper

Krugman Needs a Weatherman

• Business

T. Rowe Price chairman to give up portfolio management role

The chief investment officer and chairman of T. Rowe Price will step down next year as portfolio manager of one of the company¿s biggest investment funds.

• Quarterly or Semiannual Financial Statements

Omega awards bonuses, reports increased income, funds from operations

The CEO of a Hunt Valley-based real estate investment trust, which has a porfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country.

• Baltimore City

Skatepark in Hampden officially opens May 3

New skatepark in Hampden, which draws about 100 people a day, many from out of town, holds its grand opening May 3. It's a big day for them, and for Stephanie Murdock, who raised money for seven years, and for the owners of Vu, a skateboard shop that opened on Falls Road around the corner from the skatepark.

• Elections

Obama calls for more infrastructure, education spending in U.S. budget

President Barack Obama unveiled a $3.9 trillion federal budget on Tuesday that calls for spending billions more on infrastructure, raising taxes on the wealthy and closing an income inequality gap the president has made a top target of his second term.

• Obituaries

Jane W. Dickinson, executive secretary

Jane W. Dickinson, a retired executive secretary and community activist, died Feb. 13 from complications of a stroke at Blakehurst Retirement Community in Towson. She was 94.

• Opinion

Could a third treasurer be the charm? [Commentary]

The state pension system is Maryland's financial Achilles heel. All bond rating services have noted that rising pension debt endangers the AAA bond rating, and the Pew Center on the States rates Maryland as one of the 10 most under-funded states. Perhaps it's time for Nancy Kopp to step down.

• Business

COPT reports gains as it completes repositioning

The real estate investment trust, which caters to government and defense-related tenants, saw earnings per share hit 94 cents for the three months ended Dec. 31, compared to 16 cents during the same period in 2012.

• Men's Wearhouse Inc.

Men's Wearhouse may sweeten bid for Jos. A. Bank

Men's Wearhouse said it might be willing to sweeten its bid for rival Jos. A. Bank Clothiers in a letter sent Thursday to Bank's independent directors that also urged them to form a committee to reconsider its offer to buy Bank for $1.6 billion cash.

• Business

Rising stock market buoys Baltimore firms

The banner year for the stock market brought good news to Baltimore money management firms, with leaders pointing to a rising tide that buoyed their funds and their companies' prospects.

• Business

Men's Wearhouse shareholders working to restart talks with Jos. A. Bank

Investors are hoping to breathe new life into Jos. A. Bank Clothiers Inc.'s failed $2.3 billion bid for Men's Wearhouse Inc., pressuring other investors to join a campaign to re-start merger talks.

• Business

Legg Mason earns $86.3 million for second quarter

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

• Opinion

Ravitch misfires on school reform

The darling of anti-school reformers, Diane Ravitch intensifies the education wars to the detriment of students.

• Business

Investors wary and weary, but not panicked over debt ceiling standoff

Maryland financial advisers and money managers say investors are concerned but not panicked yet by debt ceiling brinkmanship

• Opinion

Yes, Republicans, a default would be a really big deal

The reality-averse brigade in the GOP is pushing a showdown over the debt limit out of a refusal to be accept that facts trump politics.

• Business

Memories of the financial crisis, five years later

Maryland financial professionals look back on financial crisis and the repercussions still being felt

• Education

Five questions for Matthew Wyskiel

Baltimore's Matthew Wyskiel co-founded fundraiser that sells tickets to evening with area stock pickers.

• Business

From intern to T. Rowe Price portfolio manager

Taymour Tamaddon discusses his first six months after becoming manager of Price's Health Sciences Fund.

• Education

More parents are saving for college, Fidelity reports

According to a study released last week by Fidelity Investments, 69 percent of parents of have started to save for college, the highest percentage since the company began polling families in 2007.

• Obituaries

John H. "Jack" Laporte Jr., T. Rowe Price portfolio manager

John H. "Jack" Laporte, a longtime T. Rowe Price portfolio manager, philanthropist and one of the minority owners of the Orioles, died Aug. 12 of lymphoma at his Ruxton home. He was 68.

• Business

Bill Miller's fund is beating the market once more

Famed money manager Bill Miller's fund is once again beating the market, but analysts say its too early to know whether he's made a comeback.

• Opinion

Deals of the day -- mergers and acquisitions

• Business

Five questions for Steve C. Huber

Steve C. Huber, the manager of the T. Rowe Price Strategic Income Fund, sits down for an interview with The Baltimore Sun.

• Newspaper and Magazine

Legg Mason's Bill Miller at top again in WSJ ranking

Baltimore's Legg Mason Opportunity Trust, co-managed by well-known stock-picker Bill Miller, is the top-ranked U.S. diversified stock fund for the third consecutive quarter, according to a Wall Street Journal ranking.

• Business

T. Rowe Price, Legg Mason offering up ultrashort-term bond funds

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.

• Business

T. Rowe Price sees unusual turnover in portfolio managers

T. Rowe Price has a reputation as a place where portfolio managers can spend their entire careers. But during 12 weeks this year, three fund managers left the Baltimore-based investment company or announced plans to do so.

• Business

T. Rowe Price profit rose 22 percent in first quarter

T. Rowe Price Group reported Wednesday that it earned $241.9 million in the first quarter, or 91 cents per share, on revenue of $815.7 million.

• Business

Legg Mason CEO shuffles executive team

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.

• Opinion

Ehrlich trades in mendacity

Robert Ehrlich's column on Social Security disability gets it wrong.

• Business

Sullivan named Legg Mason CEO and president

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.

• Business

Industry experts suggest what Legg Mason's new CEO must do

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.

• Business

T. Rowe Price reports 23 percent increase in earnings in 4th quarter

T. Rowe Price Group reported a $232 million profit for the fourth quarter, a 23 percent increase from a year earlier.