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Tag Archives: asset-management

American Capital Mortgage shares sink in debut

NEW YORK — Shares of American Capital Mortgage Investment Corp. are dropping in the real estate investment trust’s trading debut. The subsidiary of asset management company American Capital Ltd. sold 8 million shares at $20 per share in an initial ...

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Legg Mason reports 4Q profit, assets under management up

Money manager Legg Mason Inc. reported increased profit for its fourth quarter, a gain attributed to higher investment-advisory fees. The firm continues, however, to be plagued by money being pulled from funds by clients — $8.7 billion during the fiscal ...

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Differing approaches of Legg Mason, T. Rowe Price bring differing results

For decades, two of the best-known asset management firms in the country have shared a ZIP code — but little else — as they took different paths toward building businesses that at one point controlled nearly $1.4 trillion in combined ...

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