Hints and tips:
...He noted that Shane Legg, a DeepMind co-founder, has been focused on AI safety and risk for more than a decade, while Google Brain did not have a dedicated safety or alignment team....
...Its 2020 acquisition of Legg Mason for $6.5bn including debt remains one of the industry’s largest deals....
...Fidelity, Legg Mason and American Century have also launched active ETFs under the same structure....
...Martin Currie is one of nine affiliate boutiques owned by Legg Mason, the US asset manager....
...And Trian is essentially using the same playbook it did for Legg Mason, where Peltz played a key role in its deal with Franklin Templeton....
...Asset manager Legg Mason, another of Trian’s investments, was acquired by Franklin Templeton earlier in the year....
...In February Franklin Templeton acquired Legg Mason and last month Morgan Stanley agreed to buy Eaton Vance, two major deals in part aimed at getting the kind of economies of scale enjoyed by BlackRock and...
...Despite this, the tie-up between Franklin and Legg Mason is about “offence not defence”, said Ms Johnson....
...Legg Mason’s semi-autonomous “affiliates” hamstring its ability to adjust to the tougher environment....
Western Asset asks for more time to offload corporate debt as virus rating downgrades bite
...Franklin Templeton is in the process of buying Legg Mason in a deal that will swell its asset base to $1.5tn....
...Franklin Templeton agreed to buy rival Legg Mason in February, following on the heels of Invesco’s tie-up with OppenheimerFunds last year....
...Baltimore’s Legg Mason, is making 12 per cent of staff redundant — which amounts to 120 employees....
...Trian’s investment in Legg Mason is the second time it has sought to change the company via a board appointment....
...The activist fund now holds a stake of 4.5 per cent of Legg Mason’s shares, worth about $135m based on Monday’s market capitalisation....
...Patricia Lattin, Legg Mason’s human resources chief, said the asset manager had taken inspiration from other countries and industries to develop the policy....
...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...
...Mr Sullivan said Legg Mason will also use emerging technologies to help cut costs....
...QS Investors has named Adam Petryk as chief executive of the $18bn quantitative investment subsidiary of Legg Mason, the US asset manager....
...Although Citi officially sold its asset management interests to Legg Mason in 2005, it has rebuilt a force of 1,000 investment specialists....
...Bayer shares hit after $2bn Roundup weedkiller damages (FT) Europe giants look past Uber, market slump to plan mega IPOs (BBG) Thyssenkrupp: the giddy limit (FT) Trian may wage an activist campaign at Legg...
...They singled out BlackRock, T Rowe Price and Legg Mason as having hit the ground running in 2019....
...Moreover, Legg Mason’s misconduct involved only mid-to-lower level employees of Permal, a subsidiary company, and was not pervasive throughout Legg Mason or Permal; Société Générale – and not Legg Mason...
...Legg Mason declined to comment beyond its regulatory disclosure....
...• Legg Mason has hired Sophie Andrews as head of UK strategic alliances, a new role at the $767bn Baltimore asset manager. She previously worked at JPMorgan AM....
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