Hints and tips:
...Blackstone and Legg Mason, the US asset managers, have also strengthened their non-UK operations....
...Legg Mason, the US-listed fund house, and Boston-based GMO also suffered heavy redemptions of $18bn and $16bn respectively....
...Nearly a third of Legg Mason’s staff come from ethnically diverse backgrounds....
...Six companies declined: Vanguard, the world’s second-largest asset manager, Fidelity Investments, T Rowe Price, Legg Mason, Invesco and Affiliated Managers Group....
...Legg Mason hired two executives from Vanguard, the world’s second-largest ETF provider, earlier this year and has applied for permission to launch four smart-beta ETFs....
...Univision’s stake also includes Onion spin-off sites The A.V....
...Among those that declined to comment were BlackRock and Vanguard, the world’s two biggest fund houses by assets, as well as Franklin Templeton, Dodge & Cox, T Rowe Price, Pimco, Legg Mason, JPMorgan Asset...
...While the likes of Franklin Templeton’s Gregory Johnson and Legg Mason’s Joe Sullivan saw their total pay increase by nearly a third last year, to $15.9m and $9.5m respectively, their biggest UK-based competitors...
...T Rowe Price and Legg Mason each recorded just over $3bn of net inflows....
...But Joe Sullivan, chief executive of Legg Mason, insists the referendum was never a concern. He says: “We certainly thought about [the referendum] and had a discussion about it....
...US fund house Legg Mason has plans to acquire a non-US equity asset management company as it seeks to broaden its investor base and reverse years of outflows....
...“There is a sense that Legg is back,” he declares. Mr Sullivan is also on the lookout to acquire a non-US equity fund house. He hopes this will help build Legg’s international retail investor base....
...One is Legg Mason Global Asset Management, New York, which manages $643bn from Baltimore, including $1.2bn in its Target Retirement fund series....
...But Neil Welch, analyst at Fox-Pitt, Kelton, saw more scope for consolidation by trade buyers such as Schroders and Legg Mason, which have both indicated a desire for acquisitions and can fund deals with...
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