So the latest chapter in the evolution of Legg Mason
apparently will involve breaking into private equity, real estate and infrastructure, according to Bloomberg
Chief financial officer Peter Nachtwey
made these comments today at the Keefe, Bruyette & Woods
Asset Management Conference held in New York, the newswire reports. Bloomberg
adds that Nachtwey explained that the asset manager is looking to do more acquisitions per se, but rather is looking to add on teams that would provide coverage to these assets categories.
It is yet another chapter in the sweeping epic of Legg's evolution. For example, chief executive Joe Sullivan
earlier this week hinted
that he may be looking to snap up an equity shop.
Meanwhile, in March, Sullivan completed his acquisition of London-based Fauchier Partners.
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