Legg Mason Inc. is firing 62 Batterymarch Financial Management employees as it combines the affiliate with QS Investors, the global quantitative equity firm it’s purchasing this year.
Paul Jablansky, the head of structured products at fixed-income manager Western Asset Management Co., has left the unit of Legg Mason Inc.
Western Asset Management Co. hired Anup Agarwal as head of structured products as the fixed-income unit of Legg Mason Inc. rebuilds its securitized-debt team.
More Americans than projected filed applications for unemployment benefits last week, showing uneven progress in the labor market.
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.
Mario Gabelli, the ubiquitous founder of money-management firm Gamco Investors Inc., likes to compare himself to billionaire Warren Buffett.
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.
Harris Trifon, who ran commercial real estate debt and asset-backed research at Deutsche Bank AG, has left the bank to join Western Asset Management Co. as it boosts it securitized-bond team.
"Trifon has joined Western Asset's mortgage team, underlying our continued commitment to the mortgage sectors. We believe there remains very attractive investment opportunities."
- Mary Athridge on Feb 27, 2014