Business
The investment firm puts James Hirschmann, who is chief of its Western Asset unit, in line to succeed CEO Chip Mason.
March 24, 2006
Citigroup Inc., the world’s biggest bank, may do an asset swap with financial services firm Legg Mason Inc. that would get the former out of the mutual fund business and the latter out of the brokerage business.
June 3, 2005
Legg Mason Inc. named Mark Fetting chief executive to succeed Raymond Mason, who over 46 years built a regional stock brokerage into the No. 2 publicly traded money manager in the U.S., with $1 trillion in assets under management.
Jan. 29, 2008
Legg Mason Inc. has agreed to buy fund manager Royce & Associates Inc. for as much as $215 million, adding a lineup of well-regarded small- and micro-cap “value” stock mutual funds to its fund roster.
July 19, 2001
Money manager Legg Mason Inc. on Monday said it turned to private-equity giant Kohlberg Kravis Roberts & Co. to beef up its capital.
Jan. 15, 2008
Legg Mason Inc. agreed to pump an additional $400 million into one of its institutional money-market funds to cover potential losses on troubled commercial paper.
April 1, 2008
Mutual fund managers Bill Miller of Legg Mason, Bill Gross of Pimco Advisors Holdings and Mark Yockey of Artisan Partners were named 1998 Portfolio Managers of the Year by Chicago research firm Morningstar Inc. on Wednesday.
Jan. 7, 1999
Mutual funds: In SEC report, Bill Miller says weak earnings could spread to sector’s top performers.
Aug. 17, 2000
James Hirschmann, chief executive of bond management firm Western Asset Management in Pasadena, has stepped down as president of Western’s parent company, Legg Mason Inc. -- taking himself out of the running to succeed Raymond “Chip” Mason, 70, as CEO of the Baltimore-based financial firm.
April 26, 2007
American Express Co., Wachovia Corp., and Legg Mason Inc. said Friday that they faced federal sanctions for not passing volume discounts to some large mutual fund clients.
Nov. 15, 2003