Legg Mason Inc. has agreed to buy fund manager Royce & Associates Inc. for as much as $215 million, adding a lineup of well-regarded small- and micro-cap "value" stock mutual funds to its fund roster. Royce & Associates, founded by …
It also is acquiring condos and other real estate through foreclosures — so far this year, it has sold 14 properties for a net total profit of $623,000. LM Funding's stock, lightly traded on the NASDAQ, closed up 10 cents to $3.42 Friday.
Under his management, the Legg Mason Value Trust outperformed the Standard & Poor’s 500-stock index for 15 consecutive years, from 1991 to 2005, one of the longest winning streaks in mutual fund history. By comparison, …
The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).
As markets recognized this, the stock would re-rate. To be sure, while we were writing this rationale, the actual operating metrics for the bank were deteriorating, but by using some contortion of the mean reversion logic, we convinced …
But when it comes to exchange-traded funds, Legg Mason is a spring chicken. After a couple of misfires – including filing in 2011 for a fixed-income ETF that never launched and filing in 2012 to create some index products – Legg Mason
GE said the move to buy LM Wind Power will be completed in the first half of 2017, and will be accretive earnings beginning in 2018. The acquisition allows “in-sourcing” of turbine blade design and manufacturing to the company’s …
Famed fund manager Bill Miller cut his teeth and made millions picking the right stocks during his multi-year tenure at Legg Mason (LM), where he beat the S&P 500 for 15-years straight. Continue Reading Below Now he’s picking stocks …
The $A580 million LM First Mortgage Income fund was sold in New Zealand by several financial advisers, including Money Managers, now known as MMG Advisory Partners, but in March last year it was frozen as investors rushed for the …
One of the first things an investment banker learns is to focus his time and energy on situations where “something will happen.” That is how you get paid. That is how you make your career. If I were an ambitious banker, this morning I …