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EDT , March 13, 2013 Legg Mason Inc. said Wednesday that it completed the acquisition of Fauchier Partners, a European money manager acquired from BNP Paribas Investment Partners. Legg Mason Inc. said Wednesday that it completed the acquisition of
Select a date range Create a custom date range From: To: 4:21 p.m. EST , February 7, 2013 Legg Mason Inc. said it agreed to pay $80 million for European fund manager Fauchier Partners, plus as much as an additional $56 million in the next four years
Legg Mason Inc. reported Friday that it lost $453.9 million for the third quarter, due to previously announced non-cash charge of $734 million related to the re-evaluation of certain assets. On a per share basis, the Baltimore-based money manager
Among senior Legg Mason employees, the feeling is that Joseph Sullivan, the firm's sales chief and interim CEO, is the favorite for the top job, said two other people who asked to be anonymous because they are not allowed to speak to the press.
Select a date range Create a custom date range From: To: 3:01 p.m. EST , January 22, 2013 Legg Mason Inc. will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, the Baltimore-based money manager
Sales chief and interim chief executive Joseph Sullivan and senior executive vice-president Ronald Dewhurst, who currently oversees affiliate relations, are on a slate of about half a dozen candidates being considered to replace Mark Fetting, who
has acquired Fauchier Partners, the investment bank said in an official statement. Legg Mason will combine with its Permal asset management affiliate. This combination will result in an entity with around $24 billion in assets under management.
Baltimore-based Legg Mason Inc. announced Thursday morning it has agreed to acquire Fauchier Partners, a manager of funds of hedge funds based in Europe...Fauchier will be merged into Legg's subsidiary Permal, an alternative asset manager. As a
The day long fours event will officially mark the close of the 2011 season. LBC secretary Abhimannu Narayan said they had a lot of interest from the members last year. He said in addition to the weekly events they managed to slot in three business
Who would buy the bank debt, bonds and shares of MF Global Holdings Ltd., the bankrupt broker that can't seem to locate about $600 million of client funds and is beset by investigations? Some of the world's largest hedge-fund and private-equity firms,