Tag : legg mason

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.

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.

Investors are captivated by fear of default contagion, driving market liquidity to determine sovereign solvency. This is wrong, but there is reason for optimism, says Western Asset.

CEO Mark Fetting says the global fund management company wants to acquire alternative capabilities to complement the group’s Permal business.

The fund-of-hedge-funds firm appoints Yale professor Zhiwu Chen and ex-ING executive Matthew Yao to senior roles and may double allocations to Asia to target regional growth.

As debate rages over how best to capitalise on a rebalancing of the global economy from developed to developing markets, now is the chance for fundamental analysts to make hay.

Legg Mason's Esemplia, Morgan Stanley Investment Management and Vontobel will each run a $250 million global emerging-market portfolio, the state entity’s first GEM mandates.

With government bond yields now more likely to rise than fall, investors will need to focus on both yields and credit spreads, says product specialist Mike Story.

Isaac Souede, chairman of $20 billion fund of hedge funds Permal, says China does not respect the euro and that an American double-dip recession would spark protectionism in the US.

Asia ex-Japan stocks are currently valued at 13x forward earnings, with an expected growth rate of close to 20%, says Ray Prasad at Batterymarch.