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...Farquharson co-chaired the jury with Helen Legg, director of Tate Liverpool....
...Before buying Legg Mason, the largest deal in Franklin’s 75-year history, the asset manager picked up alternative credit firm Benefit Street Partners for $683mn....
...But recent deals including Franklin Templeton’s takeover of Legg Mason last year, the $5.7bn acquisition by Invesco of Oppenheimer in 2019 and the 2017 merger of Janus and Henderson did not stem customer...
...The worst performers were the M&G North American Value Fund, falling 42 per cent below Tilney’s benchmark, GAM North American Growth, falling 40 per cent, Legg Mason IF ClearBridge Global Equity Income fund...
...James Hirschmann, chief executive of Western, said he was excited to be joining a company that “value[s] our investment independence and organisational autonomy”. Additional reporting by Owen Walker...
...“Eaton Vance is a perfect fit for Morgan Stanley,” said James Gorman, chairman and chief executive of the US bank....
...Franklin Templeton on Tuesday chose to do the former when it announced that it would buy Legg Mason for $6.5bn, including debt....
...These days the head of Trian Fund Management may be a prime agitator for multibillion-dollar deals — such as Franklin Templeton’s $6.5bn acquisition of rival Legg Mason this week — but he was relatively...
...Franklin Resources is buying Legg Mason, the WSJ reveals, as asset managers continue to seek the kind of defensive mergers that make the author look a right idiot. ... Glencore results are okay. ......
...Paul Clarke, director of technology at Ocado, the UK-based online grocer, and Jaguar’s award-winning director of design Ian Callum, are both made CBEs, as are Shane Legg, co-founder and chief scientist at...
...Local social network Nextdoor raises $123m at $2bn valuation (FT) The country that exiled McKinsey (ProPublica) Due Diligence is written by Arash Massoudi, Javier Espinoza and Robert Smith in London, James...
...Reporting by Kate Beioley, Lucy Warwick-Ching, James Pickford and Claer Barrett...
...Maria Balshaw succeeded him as Tate director last June; Anne Barlow became artistic director of Tate St Ives last year; and this summer Helen Legg will move from the Spike Island arts centre in Bristol to...
...Three online start-ups — Seek, Carsales and REA, which was backed by billionaires James Packer and Lachlan Murdoch, transformed the classified advertising market. By 2012 Fairfax was in retreat....
...James McManus, analyst at online wealth manager Nutmeg, said Russia formed about 3.5 per cent of the MSCI Emerging Market index widely used by passive emerging markets funds and a larger chunk of the FTSE...
...The worst-hit US equity funds were BlackRock US Dynamic and Legg Mason IF ClearBridge US Equity Income, losing over 8 per cent over one month to February 8....
...James Sullivan, a fund manager at Coram Asset Management in Bath, UK, agrees: “Being a fund manager is more than a job, it’s a lifestyle, and you have to fully immerse yourself....
...But not William Legg’s....
...In a low return environment, there is a lot of focus on costs,” says James Norman, president of Legg Mason’s smart beta arm QS Investors....
...James Henry, senior fellow at Columbia University’s Center on Sustainable Investment, added that companies often hold profits offshore in anticipation of tax holidays in the future....
...Additional reporting by Robin Wigglesworth and James Fontanella-Khan...
...James Bombassei, a senior vice-president of Viacom, said the group had yet to see a “significant impact” but expects a potential slowdown....
...US asset managers also felt the impact, with BlackRock shares tumbling 5 per cent, Invesco tumbling 11 per cent and Legg Mason dropping 8 per cent in morning trading....
...Mr Whitehead joins the investment affiliate of Legg Mason from Sarasin and Partners....
...Ms Murphy was previously the chief administrative officer at Legg Mason, the parent company of Western....
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