Legg Mason Inc.’s Mary Chris Gay, a portfolio manager at the division that was home to Bill Miller, has left as her unit is folded into the firm’s ClearBridge Investments equity affiliate after a decline in assets.
Media groups and government watchdogs said the U.S. Justice Department interfered with press freedom when it secretly collected telephone records from Associated Press reporters and editors over a two-month period last year.
Legg Mason Inc., the Baltimore- based money manager that appointed a new chief executive officer in February, said fiscal fourth-quarter profit fell 62 percent as client withdrawals from its stock and bond funds continued.
FBI senior cybersecurity adviser Paul M. Tiao joined Hunton & Williams LLP as a partner in its privacy and data security practice group in Washington. He was senior counselor to FBI Director Robert S. Mueller III on cybersecurity, electronic surveillance, intellectual property crimes, digital forensics, and other national security and criminal issues, the firm said.
A former U.S. State Department lawyer helped the Communist government of Cuba recruit a spy who was inserted into the Defense Intelligence Agency in a conspiracy that began 30 years ago, the Justice Department said.
Bill Miller, the Legg Mason Inc. manager famous for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years.
Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.