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, October 29, 2004 Legg Mason Looks to the East for Growth Legg Mason is planning to grow its business in Japan drastically, reported Reuters. The money manager thinks it can grow assets managed for Japanese clients two or threefold, from $7 billion to the $20 to $30 billion range, Reuters reported Raymond "Chip" Mason, Legg Mason's chief executive officer, as saying. Mason plans on gathering assets through new clients, rather than acquiring the assets. Regarding an acquisition of a money manager in Japan: "I don't think we'll find one," Reuters reported Mason as saying. Although managers located in Singapore currently manage the money for Japanese clients, Legg Mason could open a Tokyo-based office in the next year, reported Reuters. Printed from: MFWire.com/story.asp?s=8354 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |