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Legg Mason combining equity biz with ClearBridge

Jame DiBiasio
Famed value investor Bill Miller is setting up his own entity within Legg Mason, while the rest of the US equity business is combined with affiliate ClearBridge Advisors.
Legg Mason combining equity biz with ClearBridge

Legg Mason is combining its two US equity affiliate companies as value-management star Bill Miller separates himself from those businesses. The result will impact a range of Legg Mason products registered in Asian markets, and possibly create the heft required for the new entity to step up its sales efforts in Asia.

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