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Tag Archives: Legg Mason

Legg-affiliated firm okayed to buy toxic assets

Investment company RLJ Western Asset Management LP has raised enough money to join with the government in buying toxic assets held by banks, the Treasury Department said Thursday. The purchases of the soured mortgage securities and other assets in the ...

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Peltz joins Legg Mason board as Trian buys stake

Legg Mason Inc. said Monday that billionaire investor Nelson Peltz will join the asset manager’s board after his investment firm amassed a 4.3 percent stake in the company. Peltz is the CEO and a founding partner of Trian Fund Management ...

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Bill Miller’s non-comeback (access required)

If Bill Miller were to channel LL Cool J, he might say to reports touting his rebounding funds: “Don’t call it a comeback, I been here for years.” That’s because although Miller, Legg Mason’s much ballyhooed stock picker famed for ...

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Bill Miller in the black (access required)

He may be down, but he’s not completely out. Bill Miller, once the famed Legg Mason Inc. value investor who beat the S&P 500 a record 15 times in a row, became infamous for bad investment strategies last year, pouring ...

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Hoping for a brighter 2009? Bill Miller sure is. (access required)

This has not been a banner year for Bill Miller. The Legg Mason fund manager famed for beating Standard & Poor’s 500 index for 15 consecutive years (through 2005), has seen serious underperformance in his Legg Mason Value Trust fund. ...

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Legg’s rough week continues (access required)

It’s been a rough week for Baltimore’s Legg Mason Inc. On Tuesday, Moody’s Investors Services downgraded the firm’s debt ratings; on Thursday, shares of the company’s stock fell 24.75 percent to $19.00 – it’s lowest price point in 9 years. ...

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