Legg Mason to Liquidate Assets of Tax-Exempt Trust, Two Other Funds
- Private Capital Deal a National Legg-Up. Hunter, Matthew // American Banker;5/31/2001, Vol. 166 Issue 104, p9
Focuses on the benefits of the acquisitions of Legg Mason Inc. for private asset managers in the U.S. Purchase of Private Capital Management; Expansion of the asset management business of Legg Mason; Increase in the high-net-worth assets of Legg Mason following the purchase; Value of purchase.
- A Career With a Value Firm. Taulli, Tom // Traders Magazine;Sep2002, Vol. 15 Issue 202, p120
Profiles Michael Ray, stockbroker for Baltimore, Maryland-based Legg Mason Inc. Career history; Reason behind Ray's decision to enter the stock trading market.
- Asset management account. // Essential Finance;2003, p32
A definition of the financial term "asset management account (AMA)" is presented. AMA is an account with a bank or financial institution that combines banking services and services provided by a stockbroker. Regular statements that give a combined breakdown of all transactions are also provided...
- A New Financial Supermarket. DeMott, John S.; Ungeheuer, Frederick // Time;5/4/1981, Vol. 117 Issue 18, p94
The article reports on the merger of American Express Co. and Shearson Loeb Rhoades, the second largest U.S. brokerage house. As stated, the merger is part of the rapidly accelerating revolution in the U.S. financial world. The American Express Co. contributed nearly 19.7 billion dollars in...
- Legg Mason Gets Credit to Support Fund. Ackermann, Matt // American Banker;3/10/2008, Vol. 173 Issue 47, p16
The article reports that the investment firm Legg Mason Inc, has received a $150 million letter of credit. The letter of credit was opened by Legg Mason to support its structured investment vehicle (SIV), Cheyne Finance. The financial services company needed the money to ensure that its...
- Legg Mason view dims after bailout. Appell, Douglas // Pensions & Investments;7/7/2008, Vol. 36 Issue 14, p2
The article discusses Legg Mason Inc.'s latest round of support for its money market funds. It is stated that the move has prompted fund analysts to push back their predictions for when the struggling giant might regain its footing. Some analysts are seeing the decision as an ill omen for other...
- Sweep Assets Fell As Rates Declined. Marshall, Jeffrey; Heffes, Ellen M. // Financial Executive;Sep2004, Vol. 20 Issue 6, p12
The article discusses sweep programs in which a bank invests a customer's deposit balances automatically in exchange for a fixed monthly fee and earnings on invested balances. The author reports a decline in sweet assets in 2003, ending an eleven-year streak of sweep assets growth. With lowered...
- Citigroup, Legg Mason Agree to Swap Deal. Barney, Lee // Money Management Executive;7/3/2006, Vol. 14 Issue 26, p2
The article reports on the swap deal agreement of Citigroup Inc. on its asset management division for Legg Mason Inc. brokers and stock.
- Legg Mason LM. Richards, Andrew // Morningstar StockInvestor;5/15/2008, Vol. 7 Issue 11, p29
The article examines the stock performance of Legg Mason, an asset managing firm in the U.S. The firm controls 14 independent subsidiaries that have varying target markets and investment philosophies. Its three distribution divisions are managed investment, institutional and wealth management....