Latest Legg Mason Inc (LM) Headlines Legg Mason
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Legg Mason's February AUM Rises - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 13, 10:00AM CDT
Baltimore-based Legg Mason Inc. reported a rise in its assets under management (AUM) as of Feb 28, 2014, as compared with the prior month. Preliminary month-end AUM came in at $694.8 billion, up 2.2% from the prior month.
Invesco AUM Increases in February - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 12:30PM CDT
Invesco reported higher preliminary month-end AUM for Feb 2014. The AUM for the month was $791.2 billion, up 3.4% from $764.9 billion at the end of Jan 2014.
Legg Mason Reports Assets Under Management For February 2014
PR Newswire - Wed Mar 12, 6:55AM CDT
Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $695 billion as of February 28, 2014.
Franklin February AUM Perks Up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Mar 11, 10:20AM CDT
Franklin Resources Inc. declared preliminary assets under management (AUM) of $882.2 billion by its subsidiaries for Feb 2014.
Western Asset Management Announces The Promotion Of Chia-Liang Lian To Co-Head Of Emerging Markets Debt
PR Newswire - Tue Mar 11, 6:30AM CDT
Western Asset Management Company, a wholly-owned subsidiary of Legg Mason, Inc., today announced the promotion of Chia-Liang (CL) Lian to Co-Head of the Emerging Markets Debt Team, reporting to S. Kenneth Leech, Co-Chief Investment Officer of Western Asset. The appointment is effective in April of 2014. Building upon Mr. Lian's successful effort in expanding the Asia ex-Japan investment team, the appointment will create a two-year succession plan for the emerging markets debt investment effort. Mr. Lian will serve as Co-Head alongside Keith Gardner, who intends to retire in April of 2016, after nearly 22 years with Western Asset.
Legg Mason Announces Joseph A. Sullivan, President & CEO, To Present At Citi Asset Management, Broker Dealer And Exchanges Conference
PR Newswire - Mon Mar 10, 2:00PM CDT
Legg Mason, Inc. (NYSE: LM) today announced that Joseph A. Sullivan, President & CEO is scheduled to speak at the Citi Asset Management, Broker Dealer and Exchanges Conference taking place at the Citi Conference Center in New York on Wednesday, March 12, 2014 at approximately 10:30 a.m. E.D.T.
Western Asset Global Corporate Defined Opportunity Fund Inc. Adopts Stock Repurchase Program
Business Wire - Mon Mar 10, 8:01AM CDT
The Board of Directors of Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE:GDO) today announced that it has authorized the Fund to repurchase in the open market up to 1,600,000 shares of the Fund's common stock when the Fund's shares are trading at a discount to their net asset value. The Board of Directors directed the management of the Fund to repurchase shares of the Fund's common stock at such times and in such amounts as Fund management reasonably believes may enhance stockholder value. The Fund is under no obligation to purchase shares at any specific discount levels or in any specific amounts. The Fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period.
Legg Mason BW Global Income Opportunities Fund Inc. Announces Results of Annual Meeting of Shareholders
Business Wire - Mon Mar 10, 8:00AM CDT
Legg Mason BW Global Income Opportunities Fund Inc., which is traded on the New York Stock Exchange under the symbol "BWG," announced today the results of the votes cast at the Fund's annual meeting of shareholders held February 28, 2014.
Legg Mason BW Global Income Opportunities Fund Inc. Replay Now Available for Conference Call
Business Wire - Fri Mar 07, 11:27AM CST
The replay of the Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) conference call, held on February 20, 2014, is now available. Richard Lawrence of Brandywine Global Investment Management, LLC ("Brandywine") discussed the Fund's investment portfolio and outlook.
Legg Mason to Acquire QS Investors - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 05, 6:30PM CST
Baltimore-based Legg Mason Inc. inked a deal to acquire New York based private asset manager QS Investors in order to expand its global investment products portfolio
Legg Mason Announces Acquisition Of QS Investors
PR Newswire - Tue Mar 04, 5:59AM CST
Legg Mason, Inc. (NYSE: LM) today announced a definitive agreement to acquire QS Investors, a leading customized solutions and global quantitative equities provider based in New York, with $4.1 billion in assets under management and nearly $100 billion in assets under advisory. Legg Mason's existing quantitative equity platform, Batterymarch Financial Management, and Legg Mason Global Asset Allocation, its existing solutions platform, will be integrated over time into QS Investors as a result of this transaction. The combined platform will be a world-class retail and institutional solutions and global quantitative equity provider with compelling investment strategies and strong consultant relationships.
SameGrain Closes First Round of Funding: $800,000 Raised for Social Discovery Platform
PRWeb - Mon Mar 03, 2:12PM CST
SameGrain, Inc. (samegrain.com), an award winning "privacy first" social discovery start-up, announced today that it has secured $800,000 in seed funding. Renowned investor Bill Miller of Legg Mason led the round as a private investor and will be joining SameGrain's board of directors. The funding will support SameGrain's future product development, team expansion, and marketing efforts.
Fitch Affirms 'AAA' Preferred of Legg Mason Loan and Two Western Asset Muni Funds
Business Wire - Fri Feb 28, 3:28PM CST
Fitch Ratings has affirmed the 'AAA' rating assigned to auction-rate preferred shares (ARPS) issued by a closed-end loan fund managed by Legg Mason Partners Fund Advisor, LLC (LMPFA) and two closed-end municipal funds managed by Western Asset Management Company (Western Asset):
Riverbed Board of Directors Rejects Unsolicited Proposal from Elliott
Business Wire - Fri Feb 28, 7:30AM CST
Riverbed Technology (NASDAQ:RVBD), the leader in application performance infrastructure, today announced that its Board of Directors, after consideration with its independent legal and financial advisors, has unanimously determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $21.00 per share, as it believes the proposal undervalues the Company and is not in the best interests of shareholders.
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Legg Mason Inc. Regarding Possible Breaches of Fiduciary Duty
Business Wire - Tue Feb 25, 11:10AM CST
Levi & Korsinsky, LLP is investigating Legg Mason Inc. (NYSE: LM) in connection with possible claims of breaches of fiduciary duty by the board of directors of the Company.
Brandywine Global Fund Top Performer in Lipper Alternative Credit Focus Category
Business Wire - Mon Feb 24, 7:31AM CST
Brandywine Global, is a wholly owned subsidiary of Legg Mason, Inc. (NYSE: LM) Its alternative credit fund (LMAMX Class, IS), has had a 21.73 percent average annual total return since its inception date of 08/31/2010 through 12/31/2013. Additionally, the fund's Class IS shares was also given the number three ranking in the same Lipper category and with the same performance criteria as previously mentionedover the one-year period ending 12/31/2013 among 136 funds. Lipper does not include the deduction of sales charges when calculating their rankings.
nCino Renews Annual SOC 2 Certification
Business Wire - Wed Feb 19, 7:00AM CST
nCino, Inc., the leader in secure, cloud-based bank operating solutions to the financial services industry, today announced the successful completion of its annual SOC 2 Type II Assessment. Fulfilling this voluntary audit illustrates nCino's ongoing commitment to create and maintain the most stringent controls for the protection and security of its customers' confidential information. nCino has been SOC certified since the company's inception in 2012.
Legg Mason Affiliated Closed-End Funds Conference Call
Business Wire - Tue Feb 18, 11:18AM CST
Investment professionals from Western Asset Management Company, a Legg Mason, Inc. affiliate, participated in a quarterly update to discuss their views on the current market and provide their outlook for 2014. The call featured investment professionals for closed-end funds that are affiliated with Legg Mason, Inc. ("Legg Mason") and are advised or sub-advised by Western Asset personnel, included the following speakers:
Legg Mason and Western Asset Management Announce Conference Call to Discuss Western Asset Middle Market Debt Fund Inc. (NASDAQ: XWAMX)
Business Wire - Tue Feb 18, 7:00AM CST
Western Asset Middle Market Debt Fund Inc. (NASDAQ: XWAMX) will hold a live conference call on February 24, 2014, at 4:15 p.m. (EST). Western Asset Management Company ("Western Asset") portfolio manager Chris Jacobs will discuss the Fund's investment portfolio, and outlook, and hold a question-and-answer session.
Legg Mason's AUM Rises in January - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 13, 2:00PM CST
Baltimore-based Legg Mason Inc. reported a rise in its assets under management (AUM) as of Jan 31, 2014, as compared with the prior month.