US asset manager
Legg Mason is a US investment management firm with a focus on asset management and serves customers worldwide.
Legg Mason serves individual and institutional investors on six continents and has $7446bn in AUM (as of 30 June 2018). It uses a multi-manager business model, with each of the company's subsidiaries operating independently.
The company offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments. Created in 1970 through the acquisition of Mason & Co by Legg & Co to form Legg Mason & Co, it has since become the 20th largest asset manager in the world. Among its brands is Edinburgh-based equity specialist Martin Currie.
To head up London, South West and family offices
Key announcements over the break
Fund launched last month
Moves to Melbourne with family
Tilney Bestinvest reveals best-selling funds
For subsidiary RARE
Helped by new Abenomic reforms
Tom Ormrod joins firm
M&G latest to launch new service
First onshore product from RARE
Healthcare was one sector that did not fully participate in the recent stockmarket rally and finished the first quarter as the worst performer in the S&P 500 index, writes Legg Mason's Evan Bauman.
Follows withdrawal of majority stakeholder
7,000 clients representing £65m AUM
Over 5,000 investors surveyed
Follows acquisition in 2014
Joins London office
Utilities and telecoms are being negatively impacted by interest rate environment changes, but some sectors are showing resilient economic growth, says Evan Bauman, portfolio manager on the Legg Mason ClearBridge US Aggressive Growth fund.
Reductions between 40bps and 50bps
Legg Mason affiliate
Also makes move into active ETF market
ETFs enjoy record year in 2015
Funds investing in Japan, Europe and smaller companies were among the best performers in 2015 across sectors, but which strategies topped the chart and who struggled?
Aimed at retirement market
Why has performance suffered this year?