Legg Mason

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Legg Mason is a diversified group of global asset management firms ('affiliates') who are recognized for their proven investment expertise and long-term performance.


Legg Mason announces acquisition of QS Investors

Hand Shake

Legg Mason has announced a definitive agreement to acquire QS Investors, a leading customized solutions and global quantitative equities provider based in New York, with $4.1bn in assets under management and nearly $100bn in assets under advisory.


City News Shorts - Other News In Brief

Citigroup is said to be making plans to relocate 1,500 investment banking staff from lower Manhattan to New Jersey, even though Citigroup CEO Chuck Prince is co-chairman of the Partnership for New York City, a civic group organised to attract business into the downtown area.

The Greatest Trade Ever

The New York Post reports that John Paulson, the hedge fund manager who paid himself $3.7bn last year after that spectacular trade shorting the subprime market, lost some ground in July - although not much. The newspaper says that Paulson's six hedge funds fell about 3.7% over the month.

JPMorgan Ups Bear Bid To $10-a-Share

Just as billionaire investor Joe Lewis, the man believed to have lost around $1.2bn on his investment in Bear Stearns, is said to be turning up the heat on JPMorgan (and others are thought to be considering legal action), JPMorgan executives decided to increase their offer for Bear from $2-a-share to $10-a-share, valuing the firm at around $1.2bn (Bear's shares were trading at $170 each 12 months or so ago).