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 |
|
Monday, June 10, 2013 FT Profiles Legg's Sullivan It looks like Legg Mason [profile] is improving under new CEO Joe Sullivan's leadership. The Financial Times profiled Sullivan, who was officially named in February. Mason's predecessor Mark Fetting was known for his cost cutting and a low share price. The choice of Sullivan, a Legg Mason veteran of 20 years, was interpreted by some as a failure to change the status quo. But Sullivan has made it clear he's open to new ideas. He is hoping to acquire a non-US equity fund house to attract more international retail investors. The first quarter of 2013 was more positive than it had been in a long time, with outflows slowing to $1.8 billion. Legg Mason hasn't seen a number that strong since 2007. Printed from: MFWire.com/story.asp?s=44194 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |