Investors are captivated by fear of default contagion, driving market liquidity to determine sovereign solvency. This is wrong, but there is reason for optimism, says Western ...
CEO Mark Fetting says the global fund management company wants to acquire alternative capabilities to complement the group’s Permal business.
The fund-of-hedge-funds firm appoints Yale professor Zhiwu Chen and ex-ING executive Matthew Yao to senior roles and may double allocations to Asia to target regional growth.
As debate rages over how best to capitalise on a rebalancing of the global economy from developed to developing markets, now is the chance for fundamental analysts to make hay.
Legg Mason's Esemplia, Morgan Stanley Investment Management and Vontobel will each run a $250 million global emerging-market portfolio, the state entity’s first GEM mandates.
With government bond yields now more likely to rise than fall, investors will need to focus on both yields and credit spreads, says product specialist Mike Story.
Isaac Souede, chairman of $20 billion fund of hedge funds Permal, says China does not respect the euro and that an American double-dip recession would spark protectionism in ...
Asia ex-Japan stocks are currently valued at 13x forward earnings, with an expected growth rate of close to 20%, says Ray Prasad at Batterymarch.
Jason Henchman becomes Asia chief operating officer at Neuberger Berman, having previously served as Asia head of compliance at Legg Mason Investments.
The views of Legg Mason's Bill Miller, who pursues value, and ClearBridge's Scott Glasser, who goes after quality, intersect.
Value investors suffered particularly badly during the crisis but are in better shape now, says Michael Mauboussin of Legg Mason Capital Management.
Mary Chris Gay, a portfolio manager at Legg Mason Capital Management, believes the recovery in corporate earnings could surprise investors on the upside.
Technology stocks now make up about one-third of Legg Mason's $304 million Value Fund.
The global multi-strategy bond fund is managed by subsidiary Western Asset Management.
The fund house’s Hong Kong and China specialist says sticking to companies with quality management is even more important now.
Better-than-expected corporate earnings and less risk of policy missteps will support an earnings rebound in 2009, says portfolio manager Eugene Leung.
The chairman and CIO of Legg Mason Capital Management says many large-cap stocks are now attractively valued. He has moved to make his portfolio more concentrated, trimming ...
On the distribution side, the firm is focusing on Hong Kong, Singapore, and Taiwan. China is likely the next major target.
Ronald Dewhurst will focus on expanding the firm’s business outside the US, which makes up around 34% of its nearly $1 trillion in assets under management.
Miller’s Legg Mason Value Trust beat the S&P 500 Index for 15 consecutive years – until last year.