Legg Mason

Legg Mason is expanding its retail range for UK investors with the launch of a US equity income fund, previously only available to US investors and run by New York-based subsidiary ClearBridge Advisors.

S&P US DOWNGRADE

Bill Gross, Bill Miller and Warren Buffett have clashed over Standard & Poor's downgrade of the US' credit rating.

Chuck Royce's small-cap-focused US firm has track record spanning four decades.

Legg Mason subsidiary Western Asset has expanded its global investment team with the appointment of Baillie Gifford's Gordon Brown and PIMCO's Chi-Liang Lian.

High yield bonds will return 7%-8% in 2011, according to Ian Edmonds of Legg Mason, driven by a surge in M&A and falling default rates.

In the latest Conjecture debate, our panellists from Threadneedle, Western Asset, Standard & Poor's and Ignis discussed absolute returns income.

Rajeev De Mello is leaving his role as Asian bond manager at Western Asset, Legg Mason's fixed income subsidiary, on 10 June.

Tim Schuler, an investment strategist at Legg Mason affiliate Permal, asks what impact the dramatic events of the first quarter will have on global economic growth.

Legg Mason's US equity veteran Bill Miller said US large caps have become "an empty stadium" as investors flock to the "overvalued" commodities sector.