Hints and tips:
...Pimco, Invesco, BlueBay and Legg Mason are among the longer-term holders of Credit Suisse’s AT1 bonds....
...Both Peltz and Garden previously sat on the board of asset managers Invesco and Legg Mason, before the company was acquired by rival Franklin Templeton....
...Anne Richards, the head of $738bn asset manager Fidelity International, put it starkly....
...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...
...It previously owned a stake in Legg Mason, which was acquired by Franklin Templeton in July....
...One outlier is Legg Mason, which in 2018 started offering three months of fully paid parental leave to both men and women across its US workforce....
...Ms Pinedo said the value of deals this year could go on to rival 2008, when companies including Whole Foods, the supermarket chain, and Legg Mason, a fund manager, contributed to a record $120bn in PIPE...
...Franklin Templeton agreed to buy rival Legg Mason in February, following on the heels of Invesco’s tie-up with OppenheimerFunds last year....
...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....
...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....
...The ActiveShares approval opens up a fight between Baltimore-based Legg Mason, which oversees $758bn in assets, and Eaton Vance, a $457bn Boston-based rival....
...“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....
...Mr Masom, who will be based in Boston, previously worked for Legg Mason, the US asset manager....
...Rapid expansion since Google takeover DeepMind was co-founded in 2010 by chief executive Demis Hassabis, a computer science graduate, and his friends Mustafa Suleyman and Shane Legg, respectively a university...
...“It is becoming widely recognised that diversity of people in the workplace is essential for diversity of thought, which ultimately leads to better outcomes for our customers,” says Anne Richards, chief...
...Jupiter, M&G, LGIM, Intermediate Capital Group, Blackstone and Legg Mason are among the companies that have applied for additional licenses from EU-based regulators and hired staff or established offices...
...Anne Richards, chief executive of M&G Investments, and former chief investment officer of Aberdeen, said: “This is an initiative that I support wholeheartedly....
...“If you look at what Trump was actually talking about, it’s not necessarily going to benefit operating companies that are up and running,” says Mr Richards of Thesis....
...Invesco was up nearly 6 per cent on Wednesday, Old Mutual Asset Management and T Rowe Price were up more than 5 per cent, while BlackRock and Legg Mason were up more than 3 per cent....
...● Neuberger Berman has hired Richard Gardiner as chief investment officer of its wealth management affiliate Neuberger Berman Trust Company....
...• Mark Richards has joined JPMorgan Asset Management as a strategist in the global multi-asset solutions group. Mr Richards previously worked at Pimco....
...Anne Richards, the newly appointed chief executive of M&G, said: “The referendum result does not change who we are as a business, nor our commitment to our customers, wherever they are.”...
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