] is folding Bill Miller's
home up with another division.
Legg Mason Capital Management is being combined with the parent company's ClearBridge Investments
equity unit, a decision which follows a downturn in AUM, according to a Bloomberg
The story notes that Sam Peters
will maintain leadership of LMCM. Miller, meanwhile, will continue managing a mutual fund and not join ClearBridge.
For more on the merger and Legg Mason's attempts to escape the Doldrums, read the original article
Stay ahead of the news ... Sign up for our email alerts now