MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 18, 2009 Fetting Hunts For Deals for Legg Mason After a two month, five percent up-swing in Legg Mason's AUM, Mark Fetting is still on the prowl. In the Wall Street Journal's "Fund Track" column, Daisy Maxey reports that the Legg Mason CEO "continues to be focused on merger and acquisition opportunities." Fetting and former fund superstar Bill Miller also implied that Miller himself is sticking around for a while, despite the 55 percent loss his Value Trust suffered last year. "He's been with us most of his career, and we both look forward to that continuing throughout his career," Fetting told the WSJ. "I have been with Legg Mason for 27 years," echoed Miller, "and I expect to finish my career here." Legg Mason's AUM rose from $656.9 billion on June 30 to $693 billion on August 31, despite net outflows. Printed from: MFWire.com/story.asp?s=22651 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |