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Legg Mason eyes retail growth in alts manager purchase

Oliver Jones
The global asset manager has acquired Australian alternatives fund house RARE Infrastructure. The move comes as traditional and alts managers increasingly converge, and boutique houses look for global tie-ups.
Legg Mason eyes retail growth in alts manager purchase

Global asset manager Legg Mason has acquired RARE Infrastructure, in a deal which has highlighted convergence between traditional and alternative fund houses.

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