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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.

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Legg Mason charged with violating the FCPA

Securities and Exchange Commission Building

The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials.

Bill Miller leaves Legg Mason

Legg Mason's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.

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.

HOT LIST

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.

Top Firm Urged To Cut Thousands

Nomura posted a $2.2bn loss in the quarter ended 31st March. The loss, its fifth on the bounce, came in higher than analyst expectations, and was caused by falling brokerage revenues, a drop-off in investment banking fees, increased costs related to last year's Lehman acquisition and investment losses (some Madoff-related).

Securities and Exchange Commission Building

Legg Mason charged with violating the FCPA

The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials.

Bill Miller leaves Legg Mason

Legg Mason's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.

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Securities and Exchange Commission Building

Legg Mason charged with violating the FCPA

The Securities and Exchange Commission has announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials.

Bill Miller leaves Legg Mason

Legg Mason's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.