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.
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?
Run by subsidiary ClearBridge
Fund launched for subsidiary Western Asset
UK All Companies sector worst
Independent groups' AUMs soar
Browne looks for buying opportunities
Legg Mason manager says second stage of recovery reached
Managers stand firm as panic-selling continues
Four bond managers reveal the key challenges for fixed income
Legg Mason has agreed to acquire a majority interest in Australian global listed infrastructure business RARE Infrastructure for a total consideration of up to £94m.
Investment Week celebrated the 20th anniversary of its flagship Fund Manager of the Year Awards at a glittering ceremony at the Royal Albert Hall last night.
Hideo Shiozumi, manager of the £300m Legg Mason IF Japan Equity fund, expects the Nikkei will rise 50% from its current level to as high as 30,000 over the next few years.
Martin Currie Pacific trust's shareholders have agreed to rename the company Martin Currie Asia Unconstrained trust, as it moves away from commitments to invest in Japan and Australia.