Hints and tips:
...“I grew up near Bruton and it was a small, quiet place, so a gallery coming here was amazing,” says Myerscough-Walker....
...“We’ve seen some warning shots from the US,” said Thomas Hallett, an analyst at Keefe, Bruyette & Woods....
...“It has opened the path for other Hong Kong-incorporated companies to at least say, ‘Hey, it’s do-able’ . . . and have a playbook,” says Kay Ian Ng, managing partner of Sullivan & Cromwell’s Hong Kong office...
...Fidelity, Legg Mason and American Century have also launched active ETFs under the same structure....
...The designs also incorporated the latest research on germaphobic travellers: wood floors and lacquered furniture rather than fluffy carpets and soft surfaces....
...Peter Lynch of Fidelity Investments and Bill Miller of Legg Mason became investing superstars in the US, while the likes of Anthony Bolton of Fidelity International dominated in the UK....
...Additional reporting by Owen Walker...
...Matt Le Voi, the 31-year-old founder of Lakeland Mountain Guides, shepherds keen walkers up the Cumbrian fells four to six days a week, year-round....
...The question of how to combine investment businesses successfully has become more pressing, following a spate of recent transactions, from Franklin Templeton’s $6.5bn purchase of Legg Mason to Jupiter Fund...
...Franklin Templeton on Tuesday chose to do the former when it announced that it would buy Legg Mason for $6.5bn, including debt....
..., Buckinghamshire Crossword 16,057: Clare Job, Dorset; T Alderson, Stevenage; Amanda Riddle, Essex Polymath 1,003: R Rutter, Shropshire Crossword 16,052: Trevor Mason, Hertford; Gareth Daves, Newport;...
...Legg Mason had not responded to a request for comment by the time this article was published....
...Franklin Templeton’s offer for rival Legg Mason is just the latest example of the shake-up in the fund management market. European fund managers are following the same playbook....
...We expect that firms comply with the conditions,” he said at an event hosted by law firm Pinsent Masons....
...This month German rival DWS and US group Legg Mason each reported a 4 per cent fall in assets in the final quarter of last year....
...They singled out BlackRock, T Rowe Price and Legg Mason as having hit the ground running in 2019....
...They added US managers such as Legg Mason and Invesco had also announced cost-cutting, while they expected Standard Life Aberdeen, which reports full-year results on Wednesday, to further reduce spending...
...Meanwhile, Willie Watt, who had been in charge of Edinburgh shop Martin Currie since 2001, stepped down as chief executive in February but will remain chairman of the Legg Mason-owned investment group....
...Although Citi officially sold its asset management interests to Legg Mason in 2005, it has rebuilt a force of 1,000 investment specialists....
...That’s the view of Michael Buchanan at Western Asset, an affiliate of Legg Mason: “We believe investors can take advantage of that fear that is still prevalent in markets and buy some of these BBB corporates...
...“It was a very challenging year, which culminated in an extraordinarily difficult fourth quarter,” Joe Sullivan, the chief executive of Legg Mason, told the FT....
...Legg Mason already operates self-managed Ucits and AIFM funds in Ireland. Its Dublin office will open this year — with more staff....
...Mason affiliate....
...Michael Mayer, who chairs the LGBT network at Legg Mason, said all employees need to be able to “[bring] their authentic selves to work every day”....
...Listed UK fund companies Jupiter and Ashmore, along with Legg Mason, Waddell & Reed, Ameriprise, Nuveen, Lord Abbett and Putnam in the US, are often touted as potential participants in M&A deals, despite...
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