Legg Mason Inc (N:LM)

Business Focus: Investment Management & Fund Operators

May 28, 2020 09:00 am ET
Legg Mason And ClearBridge Investments Launch Semi-Transparent ETF Using Precidian Investments' Innovative ActiveShares® Technology
NEW YORK, May 28, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) and its affiliate, ClearBridge Investments, LLC, today announced the launch of Legg Mason's first exchange-traded fund (ETF) using the semi-transparent technology of Precidian Investments LLC, ActiveShares®....
May 18, 2020 04:52 pm ET
Royce Investment Partners Hires Portfolio Manager, Miles Lewis, CFA
NEW YORK, May 18, 2020 /PRNewswire/ -- Miles Lewis, CFA, is joining Royce Investment Partners ("Royce") as Portfolio Manager on Royce Total Return and Dividend Value Funds. Prior to coming to the firm, he was a portfolio manager (2014-2020) and investment analyst (2010-2014) for the well-respected Small-Cap Value Fund and Strategy at American Century Investments.  ...
May 15, 2020 04:15 pm ET
Legg Mason Shareholders Approve Merger with Franklin Templeton
BALTIMORE, May 15, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced that its shareholders have voted to approve its proposal to merge with Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton....
May 12, 2020 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for April 2020
BALTIMORE, May 12, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $763.1 billion as of Apr 30, 2020. This month's AUM included long-term net outflows of $1.4 billion, driven by fixed income net outflows of $2.5 billion, partially offset by equity net inflows of $0.9 billion and alternative net inflows of $0.2 billion.  AUM also included liquidity net inflows of $2.0 billion and positive foreign exchange of $1.5 billion....
Apr 29, 2020 08:00 am ET
Legg Mason Reports Results for Fourth Fiscal Quarter and Fiscal Year-Ended 2020
BALTIMORE, Md., April 29, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter and the fiscal year ended March 31, 2020. ...
Apr 28, 2020 06:56 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds TTPH, TERP, LM, and ETFC Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway,...
Apr 27, 2020 01:23 pm ET
MINI, LM, WLTW, and TCO SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
Rigrodsky & Long, P.A. announces that it is investigating: Mobile Mini, Inc. (NASDAQ GS: MINI) regarding possible breaches of fiduciary duties and other violations of law related to Mobile Mini’s agreement to be acquired by WillScot Corporation....
Apr 27, 2020 01:53 am ET
Legg Mason Class Action: Halper Sadeh LLP Announces Filing Of Shareholder Class Action Lawsuit Against Legg Mason, Inc.; Investors Are Encouraged To Contact The Firm
NEW YORK, April 27, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Legg Mason, Inc. (NYSE: LM) in connection with the proposed sale of Legg Mason to Franklin Resources, Inc. for $50.00 per share. The lawsuit seeks damages and/or equitable relief on behalf of Legg Mason shareholders under the federal securities laws. ...
Apr 22, 2020 06:07 pm ET
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Legg Mason, Inc. (LM)
NEW YORK, April 22, 2020 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-02941 on behalf of shareholders of Legg Mason, Inc. ("Legg Mason" or the "Company") (NYSE:LM) who have been harmed by Legg Mason's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Franklin Resources, Inc. (the "Proposed ...
Apr 21, 2020 06:00 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds LM, TERP, and TTPH Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...
Apr 20, 2020 10:39 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates the Sale of These Companies; Are Shareholders Getting a Fair Deal?
NEW YORK, April 20, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders: ...
Apr 14, 2020 06:19 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds LM, ETFC, and TERP Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...
Apr 13, 2020 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for March 2020
BALTIMORE, April 13, 2020 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $730.8 billion as of Mar 31, 2020. This month's AUM included long-term net outflows of $13.7 billion, driven by fixed income net outflows of $11.6 billion and equity net outflows of $2.6 billion, partially offset by alternative net inflows of $0.5 billion.  Realizations were $0.1 billion.  AUM also included liquidity net inflows of $13.0 billion and negative foreign exchange of $3.4 billion....
Apr 07, 2020 04:39 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds QUMU, FSCT, LM, and TERP Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway,...
Apr 03, 2020 10:48 am ET
Moore Kuehn, PLLC Encourages Investors of MEET, LM, EQM, and BFST to Contact Law Firm
NEW YORK, April 3, 2020 /PRNewswire/ -- Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders.  Moore Kuehn may ultimately seek increased consideration, additional disclosures, or other relief and benefits on behalf of the shareholders of these companies:...
Apr 02, 2020 05:15 pm ET
LM, QUMU, RESI, and FSB SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: Legg Mason, Inc. (NYSE: LM) regarding possible breaches of fiduciary duties and other violations of law related to Legg Mason’s agreement to be acquired by Franklin Resources, Inc....
Apr 02, 2020 02:55 pm ET
Lifshitz Law Firm, P.C. Announces Investigation of Legg Mason, Inc. (LM), Pope Resources (POPE), Qumu Corporation (QUMU), and SB One Bancorp (SBBX)
Legg Mason, Inc. (LM) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of Legg Mason to Franklin Resources, Inc. for $50.00 per share. If you are a Legg Mason investor, and...
Apr 02, 2020 10:24 am ET
Precidian Issues Statement on Launch of American Century ActiveShares® ETF
NEWTOWN, Pa., April 2, 2020 /PRNewswire/ -- Precidian Investments commented today on the launch of American Century Investment's (ACI) two new Actively Managed ETFs utilizing their proprietary ActiveShares® structure. Legg Mason, Inc. (NYSE: LM) currently owns a 19.9% stake in Precidian....
Mar 31, 2020 02:55 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds RESI, LM, IOTS, and ETFC Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway,...
Mar 30, 2020 04:30 pm ET
Liquidation of Legg Mason Emerging Markets Low Volatility High Dividend ETF (CBOE BZX (Ticker Symbol): LVHE)
Legg Mason, Inc. (NYSE: LM) announced today that the Board of Trustees of the Legg Mason Emerging Markets Low Volatility High Dividend ETF (the “fund”) has determined to liquidate the fund. Proceeds of the liquidation are currently expected to be sent to shareholders of the fund on or about May 22, 2020 (the “Liquidation Date”).
Mar 30, 2020 11:57 am ET
SHAREHOLDER ALERT: Halper Sadeh LLP Investigates the Sale of These Companies – RESI, LM, ETFC, GCAP
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Mar 24, 2020 02:41 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds LM, IOTS, ETFC, and QUMU Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...
Mar 24, 2020 11:36 am ET
TTPH, TCO, LM, and WLTW SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
Rigrodsky & Long, P.A. announces that it is investigating: Tetraphase Pharmaceuticals, Inc. (NASDAQ GS: TTPH) regarding possible breaches of fiduciary duties and other violations of law related to Tetraphase Pharmaceuticals’ agreement to be...
Mar 24, 2020 08:00 am ET
Are Shareholders Getting a Fair Deal? Halper Sadeh LLP Investigates the Sale of These Companies – RESI, LM, ETFC, GCAP
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Mar 23, 2020 04:06 pm ET
Lifshitz Law Firm, P.C. Announces Investigation of Forty Seven, Inc., Hexcel Corporation, Legg Mason, Inc., and Mobile Mini, Inc.
Forty Seven, Inc. (FTSV) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of FTSV to Gilead Sciences, Inc. for $95.50 per share. If you are a FTSV...
Mar 18, 2020 01:51 pm ET
LEGG MASON INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Legg Mason, Inc. - LM
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Legg Mason, Inc. (NYSE: LM) to Franklin Resources, Inc. (NYSE: BEN). Under the terms of the proposed transaction, shareholders of Legg Mason will receive only $50.00 in cash for each share of Legg Mason that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Mar 17, 2020 02:56 pm ET
ETFC, RESI, GCAP, and LM SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: E*TRADE Financial Corporation (NASDAQ GS: ETFC) regarding possible breaches of fiduciary duties and other violations of law related to E*TRADE’s agreement to be acquired by Morgan Stanley....
Mar 17, 2020 01:21 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds LM, IOTS, ETFC, and QUMU Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway,...
Mar 17, 2020 10:12 am ET
Are Shareholders Getting a Fair Deal? Halper Sadeh LLP Investigates the Sale of These Companies – FG, TCO, RESI, LM
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Mar 11, 2020 03:39 pm ET
Lifshitz & Miller LLP Announces Investigation of Hexcel Corporation, Legg Mason, Inc., Opus Bank, and SORL Auto Parts Inc.
Hexcel Corporation (NYSE:HXL) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of Hexcel to Woodward, Inc. for 0.625 shares of Woodward per share of Hexcel owned. If you are a Hexcel...
Mar 10, 2020 05:18 pm ET
Are Shareholders Getting a Fair Deal? Halper Sadeh LLP Investigates the Sale of the Following Companies – WLTW, LM, QGEN, WMGI
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Mar 10, 2020 03:59 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds WMGI, RESI, LM and QUMU Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...
Mar 09, 2020 02:03 pm ET
FTSV, LM, GCAP, and TCO SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: Forty Seven, Inc. (NASDAQ GS: FTSV) regarding possible breaches of fiduciary duties and other violations of law related to Forty Seven’s agreement to be acquired by Gilead Sciences, Inc....
Mar 09, 2020 01:44 pm ET
Are Shareholders Getting a Fair Deal? Halper Sadeh LLP Investigates the Sale of the Following Companies – RESI, LM, IOTS, ETFC
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Mar 02, 2020 08:00 pm ET
RESI, TCO, and LM SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: Front Yard Residential Corporation (NYSE: RESI) regarding possible breaches of fiduciary duties and other violations of law related to Front Yard’s agreement to be acquired by Amherst...
Mar 02, 2020 02:18 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – FSCT, TCO, RESI, LM
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Feb 29, 2020 01:17 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – FSCT, TCO, RESI, LM
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Feb 28, 2020 05:33 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Reminds RESI, LM, IOTS, and ETFC Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th...
Feb 25, 2020 08:00 pm ET
IOTS, RESI, TCO, and LM SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Buyouts
Rigrodsky & Long, P.A. announces that it is investigating: Adesto Technologies Corporation (NASDAQ GS: IOTS) regarding possible breaches of fiduciary duties and other violations of law related to Adesto’s agreement to be acquired by Dialog...
Feb 24, 2020 07:00 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates Whether The Sale Of These Companies Is Fair To Shareholders – FG, TCO, RESI, LM
Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the...
Feb 20, 2020 08:00 pm ET
LM, TIVO, NTGN, and DLPH SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers
Rigrodsky & Long, P.A. announces that it is investigating: Legg Mason, Inc. (NYSE: LM) regarding possible breaches of fiduciary duties and other violations of law related to Legg Mason’s agreement to be acquired by Franklin Resources, Inc....
Feb 18, 2020 02:54 pm ET
Bragar Eagel & Squire, P.C. Announces that it Is Investigating the Boards of Directors of Taubman Centers, Qumu, and Legg Mason on behalf of Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of Taubman Centers, Inc. (NYSE: TCO), Qumu Corporation (NASDAQ: QUMU), and Legg Mason, Inc. (NYSE: LM). Additional information...
Feb 18, 2020 12:35 pm ET
LEGG MASON MERGER INVESTIGATION: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Legg Mason, Inc. is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – LM
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Legg Mason, Inc. (NYSE: LM) to Franklin Resources, Inc. for $50.00 per share in cash is fair to Legg Mason shareholders. On behalf of Legg Mason shareholders,...
Feb 18, 2020 07:30 am ET
Franklin Templeton to Acquire Legg Mason, Creating $1.5 Trillion AUM Global Investment Manager
Franklin Resources, Inc. (the “Company”) [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced that it has entered into a definitive agreement to acquire Legg Mason, Inc. [NYSE:LM] for $50.00 per share of common stock in an all-cash transaction. The Company will also assume approximately $2 billion of Legg Mason’s outstanding debt. The acquisition of Legg Mason and its multiple investment affiliates, which collectively manage over $806 billion in assets as of January 31, 2020, will establish Franklin Templeton as one of the world’s largest ind
Nov 12, 2019 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for October 2019
BALTIMORE, Nov. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $791.0 billion as of Oct 31, 2019. This month's AUM included long-term net inflows of $2.0 billion, driven by fixed income net inflows of $1.8 billion and alternative net inflows of $0.3 billion, partially offset by equity net outflows of $0.1 billion.  Alternative AUM reflects $0.2 billion of realizations. AUM also included liquidity net outflows of $1.4 billion and positive foreign exchange of $2.1 billion....
Nov 05, 2019 03:15 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, Nov. 5, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the company's common stock in the amount of $0.40 per share. The dividend is payable on January 20, 2020 to shareholders of record at the close of business on December 24, 2019....
Oct 30, 2019 04:15 pm ET
Legg Mason Reports Results For Second Fiscal Quarter
BALTIMORE, Oct. 30, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2019.  ...
Oct 21, 2019 05:08 pm ET
Mark Rayner Elevated to Leadership Role for Royce International Premier Fund
NEW YORK, Oct. 21, 2019 /PRNewswire/ -- Mark Rayner has been elevated to portfolio management leadership for Royce International Premier Fund, effective October 21, 2019.  Mark has been a portfolio manager on the Fund for the past five years and a Senior Analyst on the Fund since inception. He has been at Royce researching international small-cap companies for 13 years, and has 33 years of industry experience. ...
Oct 10, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for September 2019
BALTIMORE, Oct. 10, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $781.8 billion as of Sept. 30, 2019. This month's AUM included long-term net outflows of $1.2 billion, driven by net outflows of $1.1 billion in fixed income and $0.6 billion in equities, partially offset by net inflows of $0.5 billion in alternatives. AUM also included net liquidity inflows of $3.7 billion, partially offset by negative foreign exchange of $0.4 billion....
Sep 12, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for August 2019
BALTIMORE, Sept. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $776.8 billion as of Aug. 31, 2019. This month's AUM included long-term net inflows of $0.8 billion, driven by positive inflows in all three asset classes, including $0.4 billion in fixed income, $0.3 billion in alternatives, and $0.1 billion in equities.  AUM also included net liquidity outflows of $4.4 billion and negative foreign exchange impact of $1.4 billion. ...
Aug 12, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for July 2019
BALTIMORE, Aug. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $780.5 billion as of July 31, 2019. This month's AUM included long-term net inflows of $0.1 billion, driven by alternative inflows of $1.6 billion and fixed income inflows of $0.1 billion, partially offset by equity outflows of $1.6 billion. Realizations totaled $0.1 billion. AUM also included liquidity outflows of $2.8 billion and negative foreign exchange of $1.4 billion. ...
Aug 01, 2019 04:15 pm ET
Legg Mason Reports Results For First Fiscal Quarter
BALTIMORE, Aug. 1, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2019. ...
Jul 11, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for June 2019
BALTIMORE, July 11, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $780.2 billion as of June 30, 2019. This month's AUM included long-term net inflows of $0.5 billion, driven by fixed income inflows of $0.8 billion and alternative inflows of $0.2 billion, partially offset by equity outflows of $0.5 billion. Alternative AUM reflected $0.2 billion of realizations. AUM also included a positive foreign exchange impact of $1.2 billion and liquidity net inflows of $0.1 billion....
Jul 09, 2019 01:51 pm ET
Closing Date for Reorganization and Details Regarding Final Distribution by Royce Low-Priced Stock Fund
NEW YORK, July 9, 2019 /PRNewswire/ -- The completion of the reorganization plan to combine Royce Low-Priced Stock Fund ("Low-Priced Stock") into Royce Micro-Cap Fund ("Micro-Cap") will take place after the close of business on the New York Stock Exchange (the "NYSE") on Friday, July 12, 2019....
May 21, 2019 02:19 pm ET
Precidian Investments Receives Exemptive Relief From The SEC For Its ActiveShares® Intellectual Property
NEW YORK, May 21, 2019 /PRNewswire/ -- Precidian Investments today announced that the U.S. Securities and Exchange Commission (SEC) granted exemptive relief for Precidian's non-transparent exchange-traded fund (ETF) structure, ActiveShares®....
May 20, 2019 05:37 pm ET
Legg Mason Appoints Nelson Peltz And Ed Garden Of Trian Partners To Board Of Directors
BALTIMORE, May 20, 2019 /PRNewswire/ --Legg Mason, Inc. (NYSE: LM) announced today that it has increased the size of its Board of Directors from 10 to 12 members and has appointed Nelson Peltz and Ed Garden of Trian Fund Management, L.P. ("Trian Partners") to the Company's Board of Directors, effective immediately. Mr. Peltz is Chief Executive Officer and a Founding Partner and Mr. Garden is Chief Investment Officer and a Founding Partner of Trian Partners. Trian Partners currently beneficially owns approximately 4.5% of Legg Mason's outstanding common stock....
May 13, 2019 04:15 pm ET
Legg Mason Reports Results For Fourth Fiscal Quarter And Fiscal Year-Ended 2019
BALTIMORE, May 13, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter and the fiscal year ended March 31, 2019.  ...
May 13, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for April 2019
BALTIMORE, May 13, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $767.5 billion as of April 30, 2019. This month's AUM included long-term net inflows of approximately $1.2 billion, driven by fixed income and alternative inflows of $2.5 billion and $0.1 billion, respectively, which were partially offset by equity outflows of $1.4 billion. Alternative AUM reflects $0.1 billion of realizations. AUM also included liquidity net outflows of $1.1 billion and a negative foreign exchange impact of $0.5 billion....
Apr 10, 2019 07:59 am ET
Legg Mason Reports Assets Under Management and Flows for March 2019
BALTIMORE, April 10, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $758.0 billion as of March 31, 2019. This month's AUM included long-term net inflows of approximately $0.9 billion, driven by fixed income inflows of $1.8 billion and alternative inflows of $0.3 billion, which were partially offset by equity outflows of $1.2 billion. Alternative AUM reflects $0.1 billion of realizations.  AUM also included liquidity net outflows of $14.1 billion and a negative foreign exchange impact of $0.7 billion....
Mar 12, 2019 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for February 2019
BALTIMORE, March 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $762.8 billion as of Feb. 28, 2019. This month's AUM included long-term net inflows of $1.2 billion, driven by fixed income inflows of $0.7 billion, alternative inflows of $0.3 billion and equity inflows of $0.2 billion. AUM also included liquidity net inflows of $9.6 billion and negative foreign exchange impact of $1.5 billion....
Feb 12, 2019 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for January 2019
BALTIMORE, Feb. 12, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $746.7 billion as of Jan. 31, 2019. This month's AUM included net long-term outflows of $2.0 billion, driven by net outflows in fixed income of $2.4 billion, partially offset by alternative and equity inflows of $0.2 billion each. Alternative AUM reflects $0.2 billion of realizations. Liquidity outflows were $3.8 billion and the impact of foreign exchange was a positive $2.3 billion....
Feb 11, 2019 03:43 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, Feb. 11, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.34 per share. The dividend is payable on April 29, 2019 to shareholders of record at the close of business on March 26, 2019....
Feb 08, 2019 08:45 am ET
Legg Mason Launches New Actively-Managed Short Duration Income ETF, Subadvised By Affiliate Western Asset Management
NEW YORK, Feb. 8, 2019 /PRNewswire/ -- Legg Mason, one of the world's largest asset management firms, today announced the launch of its newest actively managed exchange traded fund (ETF), the Western Asset Short Duration Income ETF (NASDAQ: WINC)....
Feb 06, 2019 05:06 pm ET
Legg Mason, Inc. Announces Liquidation of Three Exchange-Traded Funds
Legg Mason, Inc. (NYSE:LM) announced today that it has determined to close and liquidate the exchange-traded funds listed below (the “funds”) based on an ongoing review of its product lineup and to ensure it meets the evolving needs of its clients. Proceeds of the liquidation are currently expected to be sent to shareholders of the funds on or about March 22, 2019 (the “Liquidation Date”).
Feb 04, 2019 03:15 pm ET
Legg Mason Reports Results For Third Fiscal Quarter
BALTIMORE, Feb. 4, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the third fiscal quarter ended December 31, 2018.  ...
Jan 23, 2019 02:21 pm ET
Royce Special Equity Multi-Cap Fund to Close
NEW YORK, Jan. 23, 2019 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved a plan of liquidation for Royce Special Equity Multi-Cap Fund, to be effective on February 25, 2019. The Fund is being liquidated primarily because it has not maintained assets at a sufficient level for it to be viable. ...
Jan 11, 2019 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for December 2018
BALTIMORE, Jan. 11, 2019 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $727.2 billion as of Dec. 31, 2018. This month's AUM included net long-term outflows of $6.3 billion, driven by net outflows in fixed income of $4.9 billion and equities of $1.5 billion, partially offset by alternative inflows of $0.1 billion. Liquidity net inflows were $4.4 billion and this month's AUM included a positive foreign exchange impact of $0.3 billion....
Dec 18, 2018 09:00 am ET
Looking To 2019, Legg Mason Affiliates Expect to Navigate Slowing Growth, Tightening Liquidity and More Volatility... Yet Most See Reasons to Be Bullish on Selected Opportunities
NEW YORK, Dec. 18, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) The investment affiliates of Legg Mason value their independence – offering different perspectives that set them apart from other active asset management firms. They often agree – and sometimes do not – but when each looks to the year ahead, investors can expect a wealth of insights.  ...
Dec 17, 2018 10:00 am ET
Legg Mason Celebrates A Decade Of Corporate Social Responsibility Reporting
BALTIMORE, Dec. 17, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE:LM) celebrates 10 years of connecting employees, communities and stakeholders with the publication of its annual corporate social responsibility (CSR) report. Encompassing corporate governance, diversity and inclusion, community engagement, employee benefits, and a multitude of related topics, the annual CSR report reflects the combined efforts and contributions of professionals within the firm and across all nine affiliate organizations....
Dec 14, 2018 01:18 pm ET
Royce to Merge Funds to Streamline Investment Strategies
NEW YORK, Dec. 14, 2018 /PRNewswire/ -- On December 13, 2018, The Royce Fund's Board of Trustees has approved plans of reorganization for four open-end mutual funds—each reorganization is subject to shareholder approval:...
Dec 12, 2018 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for November 2018
BALTIMORE, Dec. 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $741.6 billion as of November 30, 2018. This month's AUM included net long-term outflows of $2.9 billion, driven by net outflows in fixed income of $1.7 billion, equities of $1.0 billion and alternatives of $0.2 billion. Alternative AUM reflects $0.1 billion of realizations. Liquidity net inflows were $6.0 billion and this month's AUM included a positive foreign exchange impact of $0.2 billion....
Dec 11, 2018 08:00 am ET
What Do Financial Advisors Give Investors?
NEW YORK, Dec. 11, 2018 /PRNewswire/ -- According to the sixth-annual Legg Mason Global Investment Survey (LMGIS), U.S. investors who work with a financial advisor (FA) are more than twice as confident they will have enough money to enjoy a comfortable life in retirement. The data shows that financial advisors matter to investors – and investors know it....
Dec 10, 2018 10:13 am ET
Royce Expands Reach With Legg Mason-Sponsored Offering in Japan
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- Royce & Associates, LP, a small-cap specialist for more than 40 years, is subadvising a new portfolio—the Legg Mason Global Premier Small-Cap Equity Fund—the company's first product to be made available to Japanese investors....
Nov 27, 2018 12:45 pm ET
Royce International Discovery Fund to Close
NEW YORK, Nov. 27, 2018 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved a plan of liquidation for Royce International Discovery Fund, to be effective on December 28, 2018. The Fund is being liquidated primarily because it has not attracted and maintained assets at a sufficient level for it to be viable. A distribution is being paid on November 27, 2018 to shareholders of record on November 26, 2018....
Nov 12, 2018 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for October 2018
BALTIMORE, Nov. 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $733.0 billion as of October 31, 2018. This month's AUM included net long-term inflows of $0.7 billion, driven by net inflows in fixed income of $1.5 billion and alternatives of $0.1 billion, partially offset by net outflows in equities of $0.9 billion. Liquidity net inflows were $0.1 billion and this month's AUM included a negative foreign exchange impact of $0.4 billion....
Nov 05, 2018 10:44 am ET
If The Historic Bull Run Is Ending, U.S. Investors Did Not Predict It
NEW YORK, Nov. 5, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) Stock markets have climbed upwards for almost 10 years, repeatedly setting record highs in the U.S. and elsewhere, yet most respondents to the annual Legg Mason Global Investment Survey (LMGIS) believe equity markets will keep rising....
Nov 05, 2018 10:42 am ET
Legg Mason Survey Shows Only 31% Of U.S. Investors Believe They Will Have Enough Money Saved For A Comfortable Retirement
NEW YORK, Nov. 5, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) Only a minority of the 1,000 U.S. investors surveyed by Legg Mason for its 2018 Global Investment Survey (LMGIS) believe they will have enough money saved to enjoy a comfortable life in retirement – a mere 31%. ...
Nov 02, 2018 08:00 am ET
Detailed Research: Economic Perspectives on MicroStrategy, Instructure, Shutterstock, Legg Mason, Herman Miller, and Community Health — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of MicroStrategy Incorporated (NASDAQ:MSTR), Instructure, Inc. (NYSE:INST),...
Oct 29, 2018 04:15 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, Oct. 29, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.34 per share. The dividend is payable on January 14, 2019 to shareholders of record at the close of business on December 19, 2018....
Oct 24, 2018 04:15 pm ET
Legg Mason Reports Results For Second Fiscal Quarter
BALTIMORE, Oct. 24, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2018.  ...
Oct 18, 2018 08:00 am ET
WORDS IN ACTION: Martin Currie Demonstrates Depth of Commitment to Corporate Social Responsibility As It Unveils First Report
EDINBURGH, Scotland, Oct. 18, 2018 /PRNewswire/ -- Martin Currie, the active equity specialist and steward of US$17 billion of assets under management, has unveiled its inaugural Corporate Social Responsibility (CSR) report....
Oct 12, 2018 09:00 am ET
Market Trends Toward New Normal in CDW, Legg Mason, Proto Labs, CRA International, International Paper, and REX American Resources — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of CDW Corporation (NASDAQ:CDW), Legg Mason, Inc. (NYSE:LM), Proto Labs,...
Oct 10, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for September 2018
BALTIMORE, Oct. 10, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $755.4 billion as of September 30, 2018. This month's AUM included net long-term inflows of $3.4 billion, driven by net inflows in fixed income of $2.1 billion, alternatives of $1.2 billion and equity of $0.1 billion. Approximately $1.0 billion of unfunded wins previously expected to fund in September are now forecast to fund in October. Alternative AUM reflects $0.1 billion of realizations. Liquidity net inflows were $1.7 billion and this month's AUM included a negative forei...
Oct 05, 2018 11:04 am ET
Royce Global Value Trust to Reduce Investment Advisory Fee Effective January 1, 2019
NEW YORK, Oct. 5, 2018 /PRNewswire/ -- Royce Global Value Trust (NYSE: RGT) (the "Fund") is pleased to announce a reduction in its contractual investment advisory fee rate that becomes effective on January 1, 2019. ...
Oct 04, 2018 09:30 am ET
Legg Mason Launches First Actively Managed Taxable Fixed Income ETF Subadvised by Western Asset Management Company, LLC
BALTIMORE, Oct. 4, 2018 /PRNewswire/ -- Legg Mason, Inc., (NYSE:LM), today announced it has launched its first actively managed taxable fixed-income ETF, sub-advised by Western Asset Management Company, LLC, a Legg Mason affiliate and globally integrated fixed-income manager. The Western Asset Total Return ETF [Nasdaq: WBND] seeks to maximize total return consistent with prudent investment management and liquidity needs....
Oct 01, 2018 08:50 am ET
Royce Makes Changes and Addition to Deep Value Portfolio Team
NEW YORK, Oct. 1, 2018 /PRNewswire/ -- Royce & Associates, LP, the small-cap equity specialist, is pleased to announce changes to the portfolio management teams for Royce Opportunity and Micro-Cap Opportunity Funds as well as related institutional portfolios. These changes become effective on October 1 and 15, 2018....
Sep 14, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for August 2018
BALTIMORE, Sept. 14, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $751.8 billion as of August 31, 2018. This month's AUM included net long-term outflows of $1.4 billion, driven by net outflows in fixed income of $0.7 billion, equity of $0.6 billion, and alternatives of $0.1 billion. Fixed income flows included a previously disclosed $1.3 billion redemption. Liquidity net inflows were $2.9 billion and this month's AUM included a negative foreign exchange impact of $1.7 billion....
Aug 10, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for July 2018
BALTIMORE, Aug. 10, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $749.2 billion as of July 31, 2018. This month's AUM included net long-term outflows of $3.0 billion, driven by net outflows in fixed income of $1.9 billion, alternatives of $0.6 billion, and equity of $0.5 billion. Alternative AUM reflects $0.1 billion of realizations. Liquidity net outflows were $1.6 billion and this month's AUM included a positive foreign exchange impact of $0.1 billion....
Aug 08, 2018 08:20 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within ON Semiconductor, Old Second, Legg Mason, Praxair, Seritage Growth Properties, and Alexandria Real Estate Equities — New Research Em
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ON Semiconductor Corporation (NASDAQ:ON), Old Second Bancorp, Inc....
Jul 31, 2018 04:15 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, July 31, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.34 per share.  The dividend is payable on October 23, 2018 to shareholders of record at the close of business on October 5, 2018....
Jul 25, 2018 04:15 pm ET
Legg Mason Reports Results For First Fiscal Quarter
BALTIMORE, July 25, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2018.  ...
Jul 12, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for June 2018
BALTIMORE, July 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $744.6 billion as of June 30, 2018. This month's AUM included net long-term outflows of $0.9 billion, driven by net outflows in equity of $1.4 billion, partially offset by net inflows in fixed income of $0.5 billion. Alternative flows were breakeven. Fixed income inflows included a $1.0 billion low-fee subscription. Alternative AUM reflects $0.1 billion of realizations. Liquidity net outflows were $0.2 billion and this month's AUM included a negative foreign exchange impact of...
Jul 05, 2018 04:37 pm ET
Royce Value Trust, Inc. Announces Completion of Common Stock Rights Offering
NEW YORK, July 5, 2018 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE: RVT) (the "Fund") is pleased to announce the successful completion of its common stock rights offering (the "Offer"), which expired on July 3, 2018. Fund stockholders received one non-transferable right (each, a "Right") for each whole share of common stock held of record as of May 30, 2018, rounded up to the nearest number of Rights evenly divisible by ten. Pursuant to the terms of the Offer, stockholders were entitled to subscribe for one new share of common stock for each ten Rights held. Stockholders who fully exercise...
Jun 28, 2018 07:57 am ET
Veteran PM Buzz Zaino to Step Down on October 1st, 2018
NEW YORK, June 28, 2018 /PRNewswire/ -- One of the investment industry's longest-tenured managers will step down later this year as Lead Portfolio Manager of Royce Opportunity Fund and two of the firm's institutional portfolios....
Jun 12, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for May 2018
BALTIMORE, June 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $747.2 billion as of May 31, 2018. This month's AUM included net long-term outflows of $1.0 billion, driven by net outflows in equity of $0.6 billion and fixed income of $0.5 billion, partially offset by net inflows in alternative of $0.1 billion. Liquidity net outflows were $5.4 billion and this month's AUM included a negative foreign exchange impact of $1.5 billion....
May 18, 2018 04:30 pm ET
Royce Value Trust, Inc. Announces Terms for Its Common Stock Rights Offering
NEW YORK, May 18, 2018 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE:RVT) (the "Fund") announced today that it has fixed the close of business on May 30, 2018 as the record date for determination of stockholders entitled to participate in the Fund's previously announced common stock rights offering (the "Offer").  Each stockholder will receive one non-transferable right (each, a "Right") for each whole share of common stock held of record as of such record date, rounded up to the nearest number of Rights evenly divisible by ten. The Rights will allow stockholders to subscribe for one new sha...
May 10, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for April 2018
BALTIMORE, May 10, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $752.3 billion as of April 30, 2018. This month's AUM included net long-term inflows of $1.0 billion, driven by net inflows in fixed income of $1.3 billion, partially offset by net outflows in equity of $0.2 billion and alternative of $0.1 billion. Alternative AUM reflects $0.1 billion of realizations. Liquidity net inflows were $2.7 billion and this month's AUM included a negative foreign exchange impact of $3.0 billion....
May 01, 2018 11:59 am ET
Royce's new open-end fund prospectuses become effective on May 1, 2018
NEW YORK, May 1, 2018 /PRNewswire/ -- We wanted to let you know about some of the changes we are making to certain of The Royce Funds effective with the Prospectuses dated May 1, 2018....
May 01, 2018 08:06 am ET
Charlie Dreifus Celebrates 20 Years at Royce
NEW YORK, May 1, 2018 /PRNewswire/ -- We are very pleased to announce that Charlie Dreifus celebrated his 20th anniversary at Royce & Associates, LP and as portfolio manager of Royce Special Equity Fund on May 1, 2018. A $10,000 investment made at the Fund's 5/1/98 inception would have been worth $59,120 on 3/31/18 versus $41,116 for the same $10,000 investment in the Russell 2000 Index over the identical time period....
Apr 25, 2018 04:15 pm ET
Legg Mason Reports Results For Fourth Fiscal Quarter And Fiscal Year-Ended 2018
BALTIMORE, April 25, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter and the fiscal year ended March 31, 2018.  ...
Apr 11, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for March 2018
BALTIMORE, April 11, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $754.1 billion as of March 31, 2018. This month's AUM included net long-term outflows of $2.7 billion, consisting of net outflows in fixed income of $2.1 billion and equity of $1.1 billion, partially offset by net inflows in alternative of $0.5 billion. Fixed income outflows included $3.0 billion in low-fee redemptions. Alternative AUM reflects $0.1 billion of realizations1. Liquidity outflows were $8.7 billion and this month's AUM included a positive foreign ex...
Apr 10, 2018 10:09 am ET
Should Investors Stay in Equities - Or Look Elsewhere for Alpha?
NEW YORK, April 10, 2018 /PRNewswire/ -- In a webcast on the state of U.S. and global markets, two of Legg Mason's QS Investors senior professionals asked whether this is a time for investors to remain committed to U.S. stock markets – or is it time to allocate in other directions, such as smart beta products?...
Mar 22, 2018 10:44 am ET
Royce International Premier Fund Wins a 2018 Thomson Reuters Lipper Fund Classification Award
NEW YORK, March 22, 2018 /PRNewswire/ -- We are very pleased to announce that Royce International Premier Fund (Investment Class, RIPNX; Service Class, RYIPX) received a 2018 Thomson Reuters Lipper Fund Award in recognition of its performance for the three-year period ended 11/30/17 in the International Small/Mid-Cap Growth Funds category. ...
Mar 12, 2018 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for February 2018
BALTIMORE, March 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $766.7 billion as of February 28, 2018. This month's AUM included net long-term inflows of $3.4 billion, driven by net inflows in fixed income of $2.8 billion, equity of $0.4 billion and alternative of $0.2 billion. Liquidity outflows were $0.4 billion and this month's AUM included a negative foreign exchange impact of $1.2 billion....
Mar 01, 2018 03:23 pm ET
Royce Value Trust, Inc. Record Date Postponed for Its Common Stock Rights Offering; Expects to Announce New Record Date in Near Future
NEW YORK, March 1, 2018 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE: RVT) (the "Fund") announced today that it was postponing its previously announced record date of March 5, 2018 for determination of stockholders entitled to participate in the Fund's pending common stock rights offering (the "Offer") in order to allow sufficient time for its Registration Statement to be declared effective prior to the record date as required by New York Stock Exchange ("NYSE") listing standards. The Fund intends to announce the updated record date and subscription schedule for the Offer, subject to compli...
Feb 22, 2018 03:42 pm ET
Royce Value Trust, Inc. Announces Record Date for Its Common Stock Rights Offering
NEW YORK, Feb. 22, 2018 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE: RVT) (the "Fund") announced today that it has fixed the close of business on March 5, 2018 as the record date for determination of stockholders entitled to participate in the Fund's previously-announced common stock rights offering (the "Offer").  Each stockholder will receive one non-transferable right (each, a "Right") for each whole share of common stock held of record as of such record date, rounded up to the nearest number of Rights evenly divisible by ten. The Rights will allow stockholders to subscribe for one new ...
Feb 15, 2018 08:30 am ET
Recent Analysis Shows Blue Buffalo Pet Products, Expeditors International of Washington, Clean Energy Fuels, Legg Mason, SLM, and ON Semiconductor Market Influences — Renewed Outlook, Key Drivers of G
NEW YORK, Feb. 15, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Blue Buffalo Pet Products, Inc. (NASDAQ:BUFF),...
Feb 12, 2018 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for January 2018
BALTIMORE, Jan. 12, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $779.6 billion as of January 31, 2018. This month's AUM included net long-term inflows of $0.6 billion, driven by net inflows in fixed income of $2.1 billion, partially offset by net equity outflows of $1.4 billion and net alternative outflows of $0.1 billion. Fixed income flows included a previously announced $1.0 billion low-fee redemption. Alternative AUM reflects $0.3 billion of realizations1. Liquidity outflows were $1.6 billion and this month's AUM included...
Jan 31, 2018 03:30 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, Jan. 31, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.28 per share.  The dividend is payable on April 16, 2018 to shareholders of record on March 15, 2018....
Jan 25, 2018 05:05 pm ET
Royce Value Trust, Inc. Announces Terms of Common Stock Rights Offering
NEW YORK, Jan. 25, 2018 /PRNewswire/ -- The Board of Directors (the "Board") of Royce Value Trust, Inc. (NYSE: RVT) (the "Fund") has approved a non-transferable rights offering which would allow the Fund's record date common stockholders to acquire additional shares of common stock of the Fund (the "Offer"). The Board determined that it would be in the best interests of the Fund and its stockholders to increase the assets of the Fund that are available for current and future investment opportunities. Additionally, the Offer provides Fund stockholders with the opportunity to purchase addition...
Jan 24, 2018 03:15 pm ET
Legg Mason Reports Results For Third Fiscal Quarter
BALTIMORE, Jan. 24, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the third fiscal quarter ended December 31, 2017.  ...
Jan 19, 2018 10:00 am ET
BrandywineGLOBAL – Global Opportunities Bond Fund Team Nominated for Morningstar 2017 U.S. Fixed-Income Fund Manager of the Year
David Hoffman, Stephen Smith, Jack McIntyre and Anujeet Sareen, portfolio managers of the BrandywineGLOBAL – Global Opportunities Bond Fund (GOBSX), have been nominated by Morningstar for the 2017 U.S. Fixed-Income Fund Manager of the Year award. This nomination marks the third time in six years the Global Opportunities Bond Fund, managed by
Jan 11, 2018 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for December 2017
BALTIMORE, Jan. 11, 2018 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $767 billion as of December 31, 2017. This month's AUM included flat long-term flows, consisting of net inflows in fixed income of $1.7 billion and in alternative of $0.2 billion, partially offset by net equity outflows of $1.9 billion.  Equity outflows included a $1.0 billion low-fee redemption. Alternative AUM reflects $0.1 billion of realizations1. Liquidity outflows were $2.7 billion and this month's AUM included a positive foreign exchange impact of $0.8 bil...
Dec 22, 2017 11:55 am ET
Legg Mason Announces Repurchase Agreement with Shanda Asset Management
BALTIMORE, Dec. 22, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that the Company has entered into an agreement with Shanda Asset Management Investment Limited to repurchase the 5,567,653 shares of the Company's common stock beneficially owned by Shanda.  The Company agreed to repurchase the shares for $40.50 per share in a private transaction. ...
Dec 18, 2017 09:04 am ET
Where Did Volatility Go - And Where Will It Take Markets Next?
BALTIMORE, Dec. 18, 2017 /PRNewswire/ -- Volatility in equity markets has dwindled to historic lows as U.S. equity market indexes soar past record highs. Even professional market watchers are hard-pressed to definitively explain the calm....
Dec 12, 2017 07:00 am ET
Legg Mason Reports Assets Under Management and Flows for November 2017
BALTIMORE, Dec. 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $763 billion as of November 30, 2017. This month's AUM included long-term inflows of $0.1 billion, consisting of net inflows in fixed income of $1.4 billion, partially offset by net outflows in equity of $1.0 billion and in alternative of $0.3 billion.  Liquidity inflows were $1.9 billion and this month's AUM included a positive foreign exchange impact of $0.8 billion....
Dec 11, 2017 09:00 am ET
Brandywine Global Investment Management Named a Best Place to Work in Money Management by Pensions & Investments
Brandywine Global Investment Management, LLC announced today it was named a Best Place to Work in Money Management for 2017 by Pensions & Investments.
Dec 11, 2017 08:53 am ET
Gunjan Banati Named Royce & Associates' Chief Risk Officer and Joins Management Committee
NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Royce & Associates, LP, the small-cap equity specialist, is pleased to announce that effective December 15th, 2017, Gunjan Banati will join the firm's Management Committee and will become the firm's Chief Risk Officer....
Dec 01, 2017 07:30 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Legg Mason, SLM, ON Semiconductor, Blue Buffalo Pet Products, Expeditors International of Washington, and Clean Energy Fuels — New R
NEW YORK, Dec. 01, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Legg Mason, Inc. (NYSE:LM), SLM...
Nov 28, 2017 06:30 am ET
Legg Mason Appoints Michelle Goldberg And Alison Quirk To Its Board Of Directors
BALTIMORE, Nov. 28, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that Michelle Goldberg, a venture capital investor, and Alison Quirk, a financial services industry senior executive, have been appointed to its Board of Directors, effective immediately.  ...
Nov 10, 2017 08:00 am ET
Legg Mason Reports Assets Under Management and Flows for October 2017
BALTIMORE, Nov. 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $755.2 billion as of October 31, 2017. This month's AUM included long-term inflows of $2.1 billion, consisting of net inflows in fixed income of $2.3 billion, partially offset by net outflows in equity of $0.2 billion.  Alternative flows were breakeven.  Alternative AUM reflects $0.1 billion of realizations1. Liquidity outflows were $1.5 billion and this month's AUM included a negative foreign exchange impact of $2.1 billion....
Oct 31, 2017 02:30 pm ET
Legg Mason Announces Quarterly Dividend
BALTIMORE, Oct. 31, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.28 per share.  The dividend is payable on January 15, 2018 to shareholders of record on December 20, 2017....
Oct 25, 2017 05:01 pm ET
Legg Mason Reports Results For Second Fiscal Quarter
BALTIMORE, Oct. 25, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2017.  ...
Oct 23, 2017 07:00 am ET
Million-Dollar Ideas – Gabelli Digital Evolution in Financial Services Conference
Gabelli & Company is pleased to announce its formalized line-up for the inaugural Financial Services Conference, which will center on several key themes including the emergence of crypto-currencies, the impact from Blockchain technologies and innovation in asset management.
Oct 16, 2017 09:06 am ET
Million-Dollar Ideas – Gabelli Digital Evolution in Financial Services Conference
Gabelli & Company is pleased to announce its preliminary line-up for the inaugural Financial Services Conference, which will center on several key themes including the emergence of crypto-currencies, the impact from Blockchain technologies and innovation in asset management.
Oct 11, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows for September 2017
BALTIMORE, Oct. 11, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $754.4 billion as of September 30, 2017. This month's AUM included long-term outflows of $1.3 billion, consisting of net outflows in equity of $1.2 billion and fixed income of $0.3 billion, partially offset by alternative inflows of $0.2 billion. Fixed income outflows included a $3.0 billion low-fee mandate redemption. Alternative AUM reflects realizations of $0.4 billion1. Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign excha...
Sep 12, 2017 05:01 pm ET
Legg Mason Reports Assets Under Management and Flows for August 2017
BALTIMORE, Sept. 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $752.4 billion as of August 31, 2017. This month's AUM included long-term outflows of $1.5 billion, consisting of net outflows in equity of $0.8 billion, fixed income of $0.5 billion and alternative of $0.2 billion. Fixed income outflows included a previously disclosed $2.6 billion low-fee redemption. Alternative AUM reflects realizations of $0.1 billion1. Liquidity outflows were $1.6 billion and this month's AUM included a negative foreign exchange impact of $0...
Aug 10, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows for July 2017
BALTIMORE, Aug. 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $753.3 billion as of July 31, 2017.  This month's AUM included long-term net inflows of $1.5 billion, consisting of net inflows in fixed income of $2.2 billion, partially offset by alternative net outflows of $0.7 billion. Equity net flows were flat. Liquidity net inflows were $0.9 billion and there was a positive foreign exchange impact of $3.4 billion. ...
Jul 26, 2017 05:01 pm ET
Legg Mason Reports Results For First Fiscal Quarter
BALTIMORE, July 26, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2017.  ...
Jul 13, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For June 2017
BALTIMORE, July 13, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $745.0 billion as of June 30, 2017.  This month's AUM included long-term inflows of $1.5 billion, consisting of net inflows in fixed income of $1.2B and equity of $1.0 billion, partially offset by alternative net outflows of $0.7 billion. The alternative outflows included the previously announced $1.5 billion RARE client redemption.  Liquidity outflows were $3.8 billion and there was a positive foreign exchange impact of $0.4 billion. This month's AUM also includ...
Jun 12, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For May 2017
BALTIMORE, June 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $726.6 billion as of May 31, 2017. This month's AUM included long-term outflows of $0.1 billion, consisting of net outflows in alternatives of $0.2 billion, partially offset by equity inflows of $0.1 billion. Fixed Income flows were flat. Alternatives AUM reflected realizations1 of $1.1 billion at Clarion Partners. Liquidity outflows were $7.5 billion and this month's AUM included a positive foreign exchange impact of $0.3 billion....
May 10, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For April 2017
BALTIMORE, May 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $731 billion as of April 30, 2017.  This month's AUM included long-term outflows of $1.5 billion, consisting of net outflows in fixed income of $1.0 billion and equities of $0.6 billion, partially offset by alternatives inflows of $0.1 billion. Liquidity outflows were $0.2 billion and this month's AUM included a negative foreign exchange impact of $0.1 billion.  ...
May 05, 2017 10:00 am ET
Legg Mason Announces Appointments to Executive Committee
BALTIMORE, May 5, 2017 /PRNewswire/ -- Legg Mason, Inc., (NYSE: LM) today announced the appointment of three executives to its Executive Committee, each in roles that reflect the organization's continuing evolution and ongoing commitment to expand choice for clients and partners globally. The appointments are effective June 1 and will bring the total number of executive committee positions to nine. ...
Apr 26, 2017 05:01 pm ET
Legg Mason Reports Results For Fourth Fiscal Quarter And Fiscal Year-End 2017
BALTIMORE, April 26, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter ended March 31, 2017.  The Company reported net income1 of $75.9 million, or $0.76 per diluted share, as compared to net income of $51.4 million, or $0.50 per diluted share, in the previous quarter, and a net loss of $45.3 million, or $0.43 per diluted share, in the fourth quarter of fiscal 2016.  The current quarter's results included discrete tax credits of $15.4 million, or $0.15 per diluted share, and a non-cash charge related to a Royce management equi...
Apr 18, 2017 03:30 pm ET
Active Management In Fixed Income Can Bring Significant Advantages
PASADENA, Calif., April 18, 2017 /PRNewswire/ -- The "active versus passive" debate rages on, but one fixed income manager believes there is no question which side bond investors should take: active, by a landslide....
Apr 12, 2017 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For March 2017
BALTIMORE, April 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $728.4 billion as of March 31, 2017.  This month's AUM included long-term inflows of $2.6 billion, driven by net inflows in equities of $3.3 billion and fixed income of $1.1 billion, partially offset by alternatives1 outflows of $1.8 billion. Liquidity inflows were $2.2 billion and this month's AUM included a positive foreign exchange impact of $0.3 billion.  Alternatives AUM was also reduced by $2.3 billion related to the sale of Glouston Capital....
Mar 27, 2017 11:34 am ET
Royce International Small-Cap Fund to Close
NEW YORK, March 27, 2017 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved a plan of liquidation for Royce International Small-Cap Fund, to be effective on May 1, 2017. The Fund is being liquidated primarily because it has not attracted and maintained assets at a sufficient level for it to be viable. ...
Mar 10, 2017 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For February 2017
BALTIMORE, Md., March 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $722.9 billion as of February 28, 2017.  This month's AUM included long-term inflows of $3.8 billion, driven by net inflows in fixed income of $3.3 billion and equities of $0.7 billion, partially offset by alternatives[1] outflows of $0.2 billion. Liquidity outflows were $1.3 billion and this month's foreign exchange impact was immaterial.  ...
Feb 27, 2017 09:02 am ET
Bill Miller Acquires LMM LLC, Rebrands Fund Family
BALTIMORE, Feb. 27, 2017 /PRNewswire/ -- Today, LMM LLC ("LMM" or the "Firm") announced the completion of the acquisition of Legg Mason, Inc.'s (NYSE: LM) ("Legg Mason") stake in the company by Bill Miller.  Mr. Miller, together with the companies he controls, now owns 100% of LMM....
Feb 10, 2017 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For January 2017
BALTIMORE, Feb. 10, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $713.8 billion as of January 31, 2017.  This month's AUM included long-term outflows of $2.5 billion, which included previously announced client redemptions at Western Asset and QS Investors, consisting of net outflows in fixed income of $1.0 billion, equities of $0.8 billion and alternatives1 of $0.7 billion. Liquidity outflows were $4.0 billion and this month's AUM included a positive foreign exchange impact of $3.7 billion....
Feb 01, 2017 04:01 pm ET
Legg Mason Reports Third Fiscal Quarter Results
BALTIMORE, Feb. 1, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the third fiscal quarter ended December 31, 2016.  The Company reported net income1 of $51.4 million, or $0.50 per diluted share, as compared to net income of $66.4 million, or $0.63 per diluted share, in the previous quarter, and a net loss of $138.6 million, or $1.31 per diluted share, in the third quarter of fiscal 2016.  The current quarter's results included non-cash impairment charges of $35.0 million, or $0.25 per diluted share related to intangible assets at RARE Infrastructur...
Jan 31, 2017 05:00 pm ET
Legg Mason Appoints Tianqiao Chen And Robert Chiu To Its Board Of Directors
BALTIMORE, Jan. 31, 2017 /PRNewswire/ -- Legg Mason Inc., [NYSE:LM], today announced that Tianqiao Chen and Robert Chiu have been elected as directors of Legg Mason effective February 1, 2017.  Mr. Chen, Chairman and CEO of Shanda Group and a well-known technology entrepreneur in Asia, also was appointed effective February 1, 2017 as Vice Chairman of the Board of Directors and as a member of the Nominating & Corporate Governance Committee.  Mr. Chiu is President of Shanda Group and an executive with 25 years of international financial and technology experience.    ...
Jan 31, 2017 01:31 pm ET
Charlotte Walsh Joins ClearBridge Investments' Institutional Sales Team
NEW YORK, Jan. 31, 2017 /PRNewswire/ -- ClearBridge Investments today announced that Charlotte Walsh, CFA, has joined the firm as Director, Institutional Sales. She will report to Lori McEvoy, Head of Institutional Sales, out of ClearBridge's New York headquarters effective immediately.  Ms. Walsh will be focused primarily on institutional consultant relations....
Jan 17, 2017 02:00 pm ET
In Trump's World - Growth is King
NEW YORK, Jan. 17, 2017 /PRNewswire/ -- As we near Donald Trump's inauguration on January 20th, investors are wondering if the President-elect will successfully tackle his frequently touted initiatives. ...
Jan 12, 2017 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For December 2016
BALTIMORE, Jan. 12, 2017 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $710.4 billion as of December 31, 2016.  This month's AUM included long-term outflows of $0.3 billion, driven by net outflows in equities of $0.6 billion and in alternatives1 of $0.2 billion, partially offset by fixed income inflows of $0.5 billion. Liquidity outflows were $0.6 billion and this month's AUM included a negative foreign exchange impact of $1.1 billion....
Jan 05, 2017 02:57 pm ET
2016: A Terrific Year for Small-Caps
NEW YORK, Jan. 5, 2017 /PRNewswire/ -- Chairman Chuck Royce and Co-CIO Francis Gannon of The Royce Funds, the small-cap specialist, recap the strong year for small-cap stocks and explain why they think the rally has room to run....
Dec 22, 2016 10:00 am ET
Promised Trump Administration Corporate Tax Cuts Could Unleash Long Overdue Cash Expenditures
NEW YORK, Dec. 22, 2016 /PRNewswire/ -- The prospect of lowering U.S. corporate taxes under President Donald J. Trump has raised expectations that companies will use the money saved to expand capital investment (CAPEX), viewed as long-expected and equally long overdue....
Dec 21, 2016 10:00 am ET
Is the U.S. Economy Entering a "Goldilocks" Zone?
NEW YORK, Dec. 21, 2016 /PRNewswire/ -- In a video presentation discussing the post-presidential election outlook for the U.S. economy, four senior Legg Mason investment leaders focused on prospects that we may be reaching a "Goldilocks zone:" not too hot, not too cold, but just right....
Dec 19, 2016 07:30 am ET
Shanda Group Plans to Increase Stake to Up to 15% of Legg Mason's Common Stock as Part of Long Term Strategic Investment
BALTIMORE, Dec. 19, 2016 /PRNewswire/ -- Legg Mason Inc., (NYSE:LM), today announced an agreement with Shanda Group, Legg Mason's largest shareholder, that includes a commitment to appoint Tianqiao Chen, Chairman and CEO of Shanda Group and a well-known technology entrepreneur in Asia, and Robert Chiu, President of Shanda Group and an executive with 25 years of international financial and technology experience, to its Board of Directors by June 1, 2017.  Mr. Chen will be joining the Board as the Vice Chairman.  In that capacity, Mr. Chen will lead Shanda's efforts to assist Legg Mason in tec...
Dec 12, 2016 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For November 2016
BALTIMORE, Dec. 12, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $707.3 billion as of November 30, 2016. This month's AUM included long-term outflows of $2.8 billion, consisting of net outflows in equities of $1.6 billion, fixed income of $1.1 billion and alternatives1 of $0.1 billion. The fixed income outflows included a $1.2 billion Global Sovereign client redemption. Liquidity outflows were $0.6 billion and this month's AUM included a negative foreign exchange impact of $4.6 billion....
Dec 07, 2016 08:37 am ET
Small-Caps Enjoy Their Best November Yet
NEW YORK, Dec. 7, 2016 /PRNewswire/ -- The stock market went on quite a tear in the 3+ weeks immediately following the election, with the month of November especially beneficial for small-cap stocks. ...
Nov 30, 2016 10:00 am ET
Flexible Approach to Investing Matters as Bond Market Transitions
PASADENA, Calif., Nov. 30, 2016 /PRNewswire/ -- Today, as global financial markets weigh the longer-term implications of the Brexit vote and what Donald Trump's Presidency will mean, an unconstrained strategy can be a source of return for investors in fixed income.  It will be important, however, to consider risk tolerances when choosing a strategy....
Nov 29, 2016 06:21 pm ET
Mid-America Apartment Communities, AmSurg to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK, Nov. 29, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices after the close of trading on Thursday, December 1:...
Nov 10, 2016 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For October 2016
BALTIMORE, Nov. 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $716.3 billion as of October 31, 2016.  This month's AUM included long-term outflows of $1.0 billion, which included previously announced client redemptions at ClearBridge and RARE, consisting of net outflows in equities of $1.6 billion and alternatives1 of $0.5 billion. This month's AUM included fixed income inflows of $1.1 billion.  Liquidity outflows were $5.6 billion and this month's AUM included a negative foreign exchange impact of $2.7 billion....
Oct 28, 2016 08:00 am ET
Legg Mason Reports Second Fiscal Quarter Results
BALTIMORE, Oct. 28, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the second fiscal quarter ended September 30, 2016.  The Company reported net income1 of $66.4 million, or $0.63 per diluted share, as compared to net income of $33.5 million, or $0.31 per diluted share, in the previous quarter, and net income of $64.3 million, or $0.58 per diluted share, in the second quarter of fiscal 2016.  The current quarter's results included acquisition and transition-related costs of $13.2 million, or $0.09 per diluted share, as compared to acquisition and tr...
Oct 20, 2016 03:18 pm ET
Will The Strong Small-Cap Rally Keep Rolling?
NEW YORK, Oct. 20, 2016 /PRNewswire/ -- In a recent Royce Funds webcast, small-cap pioneer Chuck Royce, Portfolio Manager Charlie Dreifus, Co-CIO Francis Gannon, and Senior Investment Strategist Steve Lipper discussed their outlook for small-cap stocks and offered their thoughts on what's driving the current rally, market leadership for value, and the prospects for active management....
Oct 12, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For September 2016
BALTIMORE, Oct. 12, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $732.9 billion as of September 30, 2016.  This month's AUM included long-term outflows of $1.4 billion, consisting of net outflows in fixed income of $0.8 billion, alternatives1 of $0.5 billion and equity of $0.1 billion.  Liquidity outflows were $5.8 billion and this month's AUM included a positive foreign exchange impact of $1.1 billion....
Oct 07, 2016 10:30 am ET
Not Your Parents' ESG Strategy
NEW YORK, Oct. 7, 2016 /PRNewswire/ -- Historically, impact investing has been associated with a much longer time period, lower liquidity, and potentially lower market returns. Mary Jane McQuillen, Portfolio Manager at ClearBridge Investments, recently participated in an AssetTV Master Class countering those outdated beliefs....
Sep 26, 2016 04:20 pm ET
When does active beat passive in small-cap?
NEW YORK, Sept. 26, 2016 /PRNewswire/ -- Can the shift to value account for the improved relative results for many small-cap active managers in the last year? A new white paper by Royce & Associates, LP, the small-cap equity specialist, suggests it might by showing a connection in small-cap performance patterns. ...
Sep 13, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For August 2016
BALTIMORE, Sept. 13, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $737.2 billion as of August 31, 2016.  This month's AUM included long-term inflows of $1.5 billion, driven by fixed income inflows of $2.1 billion and breakeven alternative[1] flows, partially offset by equity outflows of $0.6 billion.  Liquidity outflows were $21.6 billion and this month's AUM included a negative foreign exchange impact of $0.9 billion. ...
Aug 17, 2016 06:05 pm ET
Legg Mason, Inc. Completes Acquisition of Financial Guard LLC
BALTIMORE, Md., Aug. 17, 2016 /PRNewswire/ -- Legg Mason (NYSE: LM) announced today that it has completed the acquisition of an 82% interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform. The firm will operate as part of Legg Mason's alternative distribution strategies business, which focuses on combining technology with Legg Mason's investment affiliates' capabilities to better serve clients.   ...
Aug 11, 2016 08:36 am ET
Bill Miller to Acquire Legg Mason's Stake in LMM LLC
BALTIMORE, Aug. 11, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) ("Legg Mason") today announced that it has reached an agreement with Bill Miller for the acquisition by Mr. Miller of all of Legg Mason's interests in LMM LLC ("LMM"). As a result, Mr. Miller, together with companies he controls, will own 100% of LMM....
Aug 10, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For July 2016
BALTIMORE, Aug. 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of approximately $756.6 billion as of July 31, 2016.  This month's AUM included long-term outflows of $0.5 billion, driven by alternative1 of $1.1 billion and equity of $0.8 billion, largely offset by fixed income inflows of $1.4 billion.  Liquidity inflows were $2 billion and this month's AUM included a positive foreign exchange impact of $0.8 billion. ...
Aug 03, 2016 04:05 pm ET
Legg Mason, Inc. Announces Pricing of Junior Subordinated Notes Offering
BALTIMORE, Aug. 3, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) ("Legg Mason") announced today that it priced its underwritten public offering of $500 million of Junior Subordinated Notes due 2056 (the "Junior Subordinated Notes") at a price equal to 100% of par. The offering is expected to close on August 8, 2016, subject to the satisfaction of customary closing conditions....
Jul 27, 2016 05:01 pm ET
Legg Mason Reports First Fiscal Quarter Results
BALTIMORE, July 27, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the first fiscal quarter ended June 30, 2016.  The Company reported net income1 of $33.5 million, or $0.31 per diluted share, as compared to a net loss of $45.3 million, or $0.43 per diluted share, in the previous quarter, and net income of $94.5 million, or $0.84 per diluted share, in the first quarter of fiscal 2016.  The current quarter's results included acquisition and transition-related costs of $56.8 million, or $0.37 per diluted share.  The prior quarter included acquisition ...
Jul 13, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For June 2016
BALTIMORE, July 13, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $741.9 billion as of June 30, 2016.  This month's AUM included long-term inflows of $0.6 billion, driven by fixed income inflows of approximately $2.0 billion.  Equity outflows were approximately $0.8 billion and alternative1 outflows were approximately $0.6 billion.  Liquidity inflows were $13.9 billion and this month's AUM included a positive foreign exchange impact of approximately $3 billion. ...
Jul 07, 2016 08:15 am ET
Legg Mason Announces Acquisition of Financial Guard LLC
BALTIMORE, July 7, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that it has agreed to acquire an 82% majority equity interest in Financial Guard LLC, an online Registered Investment Advisor and innovative technology-enabled wealth management and investment advice platform.  Financial terms of the transaction were not disclosed.  ...
Jun 13, 2016 01:09 pm ET
Western Asset Update on Plan for Money Market Fund Offerings
PASADENA, Calif., June 13, 2016 /PRNewswire/ -- Western Asset Management Company, an investment affiliate of Legg Mason, today announced an update to the preliminary plan for its money market mutual fund product suite's compliance with the U.S. Securities and Exchange Commission (SEC) money market fund reform rules. The initial plans were announced in April 2015, and after further consultation with both investors and distribution partners, the firm can advise the following fund line-up and floating net asset value strike times.  ...
Jun 10, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For May 2016
BALTIMORE, June 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $717.8 billion as of May 31, 2016.  This month's AUM included fixed income inflows of approximately $4.4 billion, which included the previously announced fundings at Western Asset.  Equity outflows were approximately $0.9 billion and alternative1 outflows were approximately $0.3 billion.  Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign exchange impact of approximately $3.6 billion. May AUM included approximately $9.6 billion2 in AUM related...
May 12, 2016 09:38 am ET
Royce Announces Next Stages of Succession Planning
NEW YORK, May 12, 2016 /PRNewswire/ -- Royce & Associates, LP, the small-cap equity specialist, is announcing two notable changes as part of the ongoing long-term succession planning at the firm. ...
May 11, 2016 09:00 am ET
Legg Mason Reports Assets Under Management and Flows For April 2016
BALTIMORE, May 11, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $707.1 billion as of April 30, 2016.  This month's AUM included fixed income outflows of approximately $2.5 billion, which included the previously announced client redemption at Western.  Equity outflows were approximately $1.4 billion and alternative1 outflows were approximately $1.1 billion, which included the previously announced redemptions at Permal.  Liquidity outflows were $6.7 billion.  April AUM included a positive foreign exchange impact of approximately $2.6 billion ...
May 02, 2016 03:00 pm ET
Legg Mason, Inc. Announces Completion of Transaction with EnTrust Capital
BALTIMORE, May 2, 2016 /PRNewswire/ -- Legg Mason, (NYSE: LM) announced today that it has completed the transaction to combine the EnTrust and Permal businesses, with Legg Mason owning 65% of EnTrustPermal....
May 02, 2016 10:43 am ET
Updated Prospectuses Now Available: Lower Minimum Initial Investments for Certain Investment Class Shares, Lower Management Fees for Two Funds, and Revised Manager Appointments
NEW YORK, May 2, 2016 /PRNewswire/ -- We wanted to let you know about some important and exciting changes we are making to certain of The Royce Funds effective with the Prospectuses dated May 1, 2016. ...
Apr 29, 2016 07:58 am ET
Legg Mason Reports Results For Fourth Fiscal Quarter And Fiscal Year-End 2016
BALTIMORE, April 29, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the fourth fiscal quarter and fiscal year ended March 31, 2016.  The Company reported a net loss1 of $45.3 million, or $0.43 per diluted share, as compared to a net loss of $138.6 million, or $1.31 per diluted share, in the previous quarter, and net income of $83.0 million, or $0.73 per diluted share, in the fourth quarter of fiscal 2015.  The current quarter's results included acquisition and transition-related costs of $49.1 million, or $0.29 per diluted share, and a compensation ...
Apr 21, 2016 11:15 am ET
A Quarter Full of Sound and Fury, Signifying Nothing?
NEW YORK, April 21, 2016 /PRNewswire/ -- A brutal and swift decline in the equities market leading off 2016 was followed by a vigorous rally that brought the popular averages back to where they began the year, essentially unchanged. ...
Apr 13, 2016 12:15 pm ET
Legg Mason, Inc. Completes Acquisition of Clarion Partners
BALTIMORE, April 13, 2016 /PRNewswire/ -- Legg Mason, (NYSE: LM) announced today that it has completed the acquisition of an 82% equity interest in Clarion Partners, a leading diversified real estate investment firm based in New York. As of March 31, 2016 the AUM for Clarion was approximately $40 billion....
Apr 12, 2016 08:28 am ET
Shanda Group Makes Long Term Strategic Investment In Legg Mason
BALTIMORE, April 12, 2016 /PRNewswire/ -- Legg Mason Inc., [NYSE:LM], today announced that Trian Fund Management, L.P. and its affiliates (together, "Trian") and Shanda Group and affiliates  ("Shanda"), have entered into an agreement for Shanda to purchase substantially all of the shares of Legg Mason, Inc.'s common stock, par value $0.10 per share ("Common Stock"), owned by Trian, representing a 9.9% interest of Legg Mason's total outstanding shares of Common Stock as of the date hereof.  ...
Apr 12, 2016 08:15 am ET
Legg Mason Reports Assets Under Management and Flows For March 2016
BALTIMORE, April 12, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $669.6 billion as of March 31, 2016.  This month's AUM included preliminary long-term net outflows of $3.2 billion, consisting of fixed income outflows of $2.0 billion and equity outflows of $1.2 billion.  Liquidity outflows were $6.8 billion and this month's AUM included $4.1 billion of positive foreign exchange impact....
Mar 23, 2016 11:00 am ET
Legg Mason Announces 2016 Lipper Fund Winners
NEW YORK, March 23, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that the Western Asset Core Plus Bond Fund and the Permal Alternative Core Fund have won 2016 Lipper Fund Awards. The awards, which recognize mutual funds that have demonstrated consistent, strong risk-adjusted returns against their peers, were announced yesterday by Lipper, a Thomson Reuters company....
Mar 22, 2016 11:34 am ET
Legg Mason Announces Completion Of Publicly Offered Financing To Fund Acquisitions
BALTIMORE, March 22, 2016 /PRNewswire/ -- Legg Mason, Inc., (NYSE: LM) today announced that it has completed the public portion of its financing to fund the acquisitions of Clarion Partners and EnTrust Capital. The net proceeds from the offerings of Legg Mason's Senior Notes and Junior Notes will be used, together with a $500 million draw on the Company's revolving credit facility, to finance the purchase prices for the acquisitions and to replenish cash on the balance sheet used to close the RARE transaction in October 2015.  The acquisitions of Clarion Partners and EnTrust Capital are expe...
Mar 17, 2016 06:06 pm ET
Legg Mason, Inc. Announces Pricing of Senior Notes Offering
BALTIMORE, March 17, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) ("Legg Mason") announced today that it priced its underwritten public offering of $450.0 million of Senior Notes due 2026 (the "Senior Notes") at a price equal to 99.954% of par. The offering is expected to close on March 22, 2016, subject to the satisfaction of customary closing conditions....
Mar 15, 2016 10:30 am ET
Narrowing Growth & Increasing Pessimism Lay Potential Groundwork for a Value Comeback in Global Equity Markets
WILMINGTON, Del., March 15, 2016 /PRNewswire/ -- Concerns over growth, commodity prices and divergent economic policies that limited global equities in 2015 morphed into outright fears to open the New Year, ClearBridge Investments Head of Global Value Equity Paul Ehrlichman recently observed. This ignited a selloff that has led most global equity benchmarks into bear market territory....
Mar 14, 2016 03:30 pm ET
Legg Mason Survey Finds Patience, Not Panic Among Investors
NEW YORK, March 14, 2016 /PRNewswire/ -- According to the 2016 Legg Mason Global Investment Survey, when asked how market volatility influences their approach to equity investing, investors showed more patience than panic. ...
Mar 10, 2016 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For February 2016
BALTIMORE, March 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $656.7 billion as of February 29, 2016.  This month's AUM included preliminary long-term net outflows of $4.1 billion, consisting of equity outflows of $1.7 billion and fixed income outflows of $2.4 billion.   Fixed income outflows included $1.6 billion of low fee redemptions. Liquidity inflows were $6.2 billion and this month's AUM included $2.3 billion of positive foreign exchange impact....
Mar 09, 2016 09:30 am ET
Diversification is the New Core
NEW YORK, March 9, 2016 /PRNewswire/ -- Investors had what certainly felt like a turbulent start to the year, as equity markets corrected again ending a period of extraordinarily low market volatility.  While increased volatility has caught many investors by surprise, it has only returned to levels closer to its long term average, as measured by the Vix index, a key market indicator.  While jarring, this new reality is important for investors to factor into their thinking....
Mar 07, 2016 05:09 pm ET
Legg Mason, Inc. Announces Pricing of Junior Subordinated Notes Offering
BALTIMORE, March 7, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) ("Legg Mason") announced today that it priced its underwritten public offering of $250 million of Junior Subordinated Notes due 2056 (the "Junior Subordinated Notes") at a price equal to 100% of par. The offering is expected to close on March 14, 2016, subject to the satisfaction of customary closing conditions....
Feb 24, 2016 03:49 pm ET
Closing Date for Reorganization of Royce European Small-Cap and Royce Global Value Funds into Royce International Premier Fund and Details Regarding Final Distributions for Royce European Small-Cap an
NEW YORK, Feb. 24, 2016 /PRNewswire/ -- The completion of the reorganization plan to combine Royce European Small-Cap and Royce Global Value Funds into Royce International Premier Fund will take place after the close of business on the New York Stock Exchange (the "NYSE") on Friday, February 26, 2016.  ...
Feb 19, 2016 08:00 am ET
Legg Mason Announces Joseph A. Sullivan, Chairman & CEO, to Speak at Citi Asset Management, Broker Dealer & Exchanges Conference
BALTIMORE, Feb. 19, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that Joseph A. Sullivan, Chairman & CEO is scheduled to speak at Citi's 2016 Asset Management, Broker Dealer & Exchanges Conference taking place at Citi's Conference Center in New York on Thursday, March 3rd at approximately 10:15 a.m. EST. ...
Feb 16, 2016 04:30 pm ET
Fixed Income Market Fears are Overdone, Western Asset Management Deputy CIO Declares
PASADENA, Calif., Feb. 16, 2016 /PRNewswire/ -- In a webcast surveying global fixed income markets, Western Asset Management Co. Deputy Chief Investment Officer Michael C. Buchanan said that while investors may be nervous, they should be looking for opportunities amidst the noise....
Feb 09, 2016 08:00 am ET
Legg Mason Reports Assets Under Management and Flows For January 2016
BALTIMORE, Feb. 9, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $651.5 billion as of January 31, 2016.  This month's AUM included preliminary long-term net outflows of $5.8 billion, consisting of fixed income outflows of $3.8 billion and equity outflows of $2.0 billion.  Liquidity outflows were $2.8 billion and this month's AUM included $1.7 billion in negative foreign exchange impact....
Jan 27, 2016 11:00 am ET
Five Small-Cap Veterans Share Their Outlook for 2016
NEW YORK, Jan. 27, 2016 /PRNewswire/ -- With the books closed on 2015 and a wild and volatile new year underway, portfolio managers from small-cap investing pioneer The Royce Funds discuss current fund positioning, economic prospects, and expectations for small-cap stocks in 2016. ...
Jan 27, 2016 08:00 am ET
Pete Nachtwey, Chief Financial Officer, To Present At 17th Annual Credit Suisse Financial Services Forum
BALTIMORE, Jan. 27, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that Pete Nachtwey, its Chief Financial Officer, is scheduled to speak at the Credit Suisse Financial Services Forum taking place at the Fountainbleau in Miami Beach, Florida on Tuesday, February 9, 2016 at approximately 2:15 p.m. (EST)....
Jan 25, 2016 11:00 am ET
Legg Mason Hires Roger Paradiso as Head of Alternative Distribution Strategies
BALTIMORE, Jan. 25, 2016 /PRNewswire/ -- Legg Mason Inc. (NYSE: LM) today announced the appointment of Roger Paradiso as Head of Alternative Distribution Strategies, effective immediately. Paradiso reports to Terence Johnson, Head of Global Distribution, and is based out of Stamford....
Jan 22, 2016 05:51 pm ET
Correction: Legg Mason Issued Corrected Record Date
BALTIMORE, Jan. 22, 2016 /PRNewswire/ -- Legg Mason, (NYSE:LM) announced the correction of a record date regarding the quarterly dividend payable April 11, 2016 published in the Company's earnings release on January 22, 2016.  The correct record date is March 10, 2016.  ...
Jan 22, 2016 07:00 am ET
Legg Mason Reports Results For Third Fiscal Quarter 2016
BALTIMORE, Jan. 22, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today reported its operating results for the third fiscal quarter ended December 31, 2015.  The Company reported a net loss1 of $138.6 million, or $1.31 per diluted share, as compared to net income of $64.3 million, or $0.58 per diluted share, in the previous quarter, and net income of $77.0 million, or $0.67 per diluted share, in the third quarter of fiscal 2015.  ...
Jan 22, 2016 06:30 am ET
Legg Mason Announces Acquisition of Clarion Partners
BALTIMORE, Jan. 22, 2016 /PRNewswire/ -- Legg Mason Inc., (NYSE: LM), today announced that it has agreed to acquire a majority equity interest in Clarion Partners, a leading diversified real estate investment firm based in New York.  One of the largest independent real estate investors, Clarion Partners manages approximately $40 billion across the real estate risk/return spectrum.  Clarion Partners will operate as the primary independent real estate investment affiliate for Legg Mason....
Jan 22, 2016 06:30 am ET
Legg Mason Announces Combination of EnTrust Capital and Permal Group
BALTIMORE, Jan. 22, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced it has entered into a definitive agreement to combine Permal, Legg Mason's existing hedge fund platform, with EnTrust Capital. EnTrust is a leading independent hedge fund investor and alternative asset manager headquartered in New York with approximately $12 billion in total assets and complementary investment strategies, investor base and business mix to Permal.  The business combination will create a new global alternatives firm with over $26 billion in pro-forma AUM1 and total assets of $29 billion2.  The...
Jan 22, 2016 06:30 am ET
Legg Mason Announces Strategic Investment in Precidian Investments
BALTIMORE, Jan. 22, 2016 /PRNewswire/ -- Legg Mason, Inc. [NYSE: LM], today announced that it has acquired a minority equity position in Precidian Investments, a firm specializing in creating innovative products and solutions and solving market structure issues, particularly with regard to the ETF marketplace.  Precidian leverages its patented intellectual property to both power its own ETF products subadvised by unaffiliated managers and to work with financial services firms to jointly develop solutions, structures and products to meet investor needs.  ...