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Rating:Legg Mason Subsidiary Launches Large Cap Strategy Not Rated 2.3 Email Routing List Email & Route  Print Print
Monday, December 17, 2007

Legg Mason Subsidiary Launches Large Cap Strategy

News summary by MFWire's editors

Legg Mason subsidiary Batterymarch Financial Management has formally launched its US Large Capitalization Value Equity strategy. The fund is ranked in the top quartile of a leading consultant peer universe for the one- and three-year periods ending September 30, 2007.

Batterymarch Financial Management, Inc., a leading institutional equity manager, today announced the formal launch of its US Large Capitalization Value Equity strategy. This product, which has been in incubation, is ranked in the top quartile of a leading consultant peer universe for the one- and three-year periods ending September 30, 2007.

Batterymarch's proprietary US Large Cap Value strategy uses efficient quantitative techniques to model the investment disciplines of experienced fundamental investors. Like the firm's other investment products, US Large Cap Value uses consistent, objective criteria to analyze a broad universe of stocks daily.

"We have adapted our core US Large Cap investment approach -- in place since 1991 -- to meet the unique demands of a style mandate," said Thomas Linkas, the firm's Chief Investment Officer. "In our view, one of the keys to long-term outperformance for this product is its large investment universe, which reflects the full array of value-oriented stocks. Our goal is to identify value stocks that can do well across a variety of market cycles, so our multidimensional stock selection model analyzes this universe using both growth and value measures."

Batterymarch's value universe includes approximately 1,800 stocks ranging from deep value to growth-at-a-reasonable-price. This gives the firm's investment professionals the power to capitalize on attractive opportunities anywhere on the value style spectrum. Multiple risk controls, integrated throughout the investment process, help limit performance volatility, while cost-effective trading strategies are designed for maximum preservation of alpha.

"Batterymarch's portfolios are meant to outperform a value benchmark in both up and down markets," said William Elcock, the firm's CEO and Senior US Portfolio Manager. "We think of our US Large Cap Value product as a strategy for all seasons -- and an appealing choice for investors whose focus includes value-oriented securities regardless of the market environment."

Batterymarch, a wholly owned, independently operated subsidiary of Legg Mason, Inc. (NYSE: LM - News), manages US, international, emerging markets, global and hedged equity assets for institutional investors and subadvisory clients. One of the pioneers of quantitative investing, Batterymarch is an SEC- registered investment advisor and the sole quantitative manager among Legg Mason's subsidiaries. As of September 30, 2007, Batterymarch has $29.8 billion in total assets under management, representing 214 accounts for 170 clients based in North America, Europe and Asia. For more information, visit http://www.batterymarch.com.  

Edited by: Erin Kello

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