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 |
|
Wednesday, January 16, 2013 Bill Miller's Troubled Unit Merges With Another Legg Business Legg Mason, [profile] 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 report. 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. Printed from: MFWire.com/story.asp?s=42702 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |