A Legg Mason survey of affluent investors worldwide has found Asians most eager to use income investing to grow their wealth, and most curious to know how. See our video interview.
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Appetite for income investing is highest among affluent Asians, with a hunger for knowledge and desire to be engaged pointing to new opportunities for managers and advisers.
Famed value investor Bill Miller is setting up his own entity within Legg Mason, while the rest of the US equity business is combined with affiliate ClearBridge Advisors.
Fund-of-hedge-fund consolidation continues, with Permal to gain Australian and Japanese pension investors from UK-based peer Fauchier.