Jeffrey Hopson

Legg Mason’s Fetting Steps Down as Peltz Standstill Ends

Legg Mason Inc., the money manager under pressure from activist investor Nelson Peltz, said Mark R. Fetting will step down as chairman and chief executive officer after failing to end almost five years of client redemptions.

Peltz Warns State Street on Negative Shareholder Return, Urges Profit Plan

Billionaire investor Nelson Peltz admonished the board of State Street Corp. over poor performance and urged it to adopt a multistep plan for raising profit that included a possible sell-off of the custody bank’s money- management unit.

Legg Mason Earnings Drop 4.2% as Declining Assets Reduce Fees From Funds

Legg Mason Inc . said fiscal first- quarter earnings fell 4.2 percent as declining assets reduced fees at the Baltimore-based money manager.

BlackRock Profit Rises Fivefold on Increased Assets

BlackRock Inc., the world’s biggest money manager, said first-quarter earnings rose fivefold after the acquisition of Barclays Global Investors added assets and lifted fees.

Franklin's Quarterly Earnings Increase as Investors Flock to Global Funds

Franklin Resources Inc., manager of the Franklin and Templeton mutual funds, said fiscal second- quarter earnings more than tripled on rising stock prices and inflows to the firm’s global investment products.

BlackRock's Fink Must Show Size Won't Hinder Growth as Shares Trail Rivals

Laurence D. Fink made BlackRock Inc. the world’s largest asset manager with last year’s purchase of Barclays Global Investors. Now he must convince shareholders that his firm hasn’t become too big to grow.

BlackRock Profit Rises 74% After BGI Acquisition Boosts Assets

BlackRock Inc. , the world’s biggest money manager, said growth in assets under management will be curbed into next year by redemptions related to its acquisition of Barclays Global Investors.

BlackRock Profit Doubles After Fund Manager Acquisition

BlackRock Inc. said second-quarter profit rose 98 percent as the acquisition of Barclays Global Investors boosted assets and fees.

Peltz Sees Western Asset Leading Way for Legg Mason as Bond Funds Rebound

Western Asset Management Co.’s main fund is rebounding after trailing rivals in 2007 and 2008, beating similar strategies from BlackRock Inc. and Pacific Investment Management Co. for the third straight year. The bond manager’s next challenge is to reverse withdrawals.

BlackRock's Kapito Sees Inflows Topping $200 Billion a Year as ETFs Gain

BlackRock Inc. may average more than $200 billion in annual investor deposits over the next five years after the acquisition of Barclays Global Investors added passive funds, said Robert Kapito , the firm’s president.

"A more likely scenario is to consider a breakup of the company."

- Jeffrey Hopson on Sep 11, 2012

Boston

Barclays Global Investors

New York

Investment Company Institute

‘Iron Man 3’ Tops Movie Sales Again With $72.5 Million

Gates Backs Obama Administration Handling of Benghazi

Sharif Claims Pakistan Win as Khan Sees Stronger Democracy

Europe Seeks Fiscal Realism as Slump Prompts U.S. Pressure

G-7 Intensifies Japan Focus Signaling Acceptance of Yen’s Fall