SHAM: Pity the fool – why I’m late going big in Japan
Striking workers, royal babies, a Tory majority, lefty Labour, tensions with Russia, the unexplained popularity of U2… today’s parallels with the mid-1980s are striking.
Striking workers, royal babies, a Tory majority, lefty Labour, tensions with Russia, the unexplained popularity of U2… today’s parallels with the mid-1980s are striking.
The expected US interest rate hike coming some time this year has spurred investor interest in unconstrained fixed income strategies, according to Amanda Stitt, investment director at Legg Mason.
In line with the move to more customised strategies, Legg Mason is trying to develop alternative products in asset classes such as private equity and real estate that also have the daily liquidity investors crave, said Joe Sullivan the firm’s chairman and chief executive officer.
Legg Mason is set to acquire Martin Currie, expecting to complete the transaction during the fourth quarter this year.
Legg Mason Global Funds director John Alldis has resigned from the company’s board for undisclosed business reasons.
Emerging market debt has been among the most volatile asset classes in the past 18 months, but after a correction comes opportunity.
Legg Mason affiliate Royce is considering stemming inflows to its $1.3bn (£780m) UK Small Cap Opportunity fund as it nears capacity.
Legg Mason has announced plans to buy QS Investors for an undisclosed sum.
The US market is arguably set to cool after returns comfortably ahead of all the other major economies over the past few years.
Asia expert Diego Mauro has joined the emerging markets team at Hermes.
Legg Mason has launched a high alpha Macro Opportunities Fund, headed by Western Asset co-CIO Kenneth Leech and Prashant Chandran.
Legg Mason has launched a tactical high income fund, which will be managed by the firm’s equity subsidiary Clearbridge Investments.