Legg Mason Inc., the money manager that oversees $686 billion in assets, restructured its debt in a move that will result in costs of $105 million to $110 million.
Western Asset Management Co. plans to start buying non-agency mortgages the way a gentleman orders a bespoke suit.
As Bill Gross vows to restore top performance at the world’s biggest bond fund, he’s taking a path many of his rivals shun.
Chinese stocks trading in the U.S. rose to the highest in two months as real-estate companies including E-House China Holdings Ltd. led gains on speculation the government is easing property curbs to spur growth.
Western & Southern Financial Group Inc., the Cincinnati-based life insurer, hired Steven Kreider as chief investment officer from Legg Mason Inc.’s Western Asset Management.
Legg Mason’s Miller `Would Buy Apple at These Levels’ (Audio)