Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Legg Mason Fund Gets Some Bloomberg Lovin' Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 23, 2013

A Legg Mason Fund Gets Some Bloomberg Lovin'

News summary by MFWire's editors

Bloomberg's Alexis Loendis covered Legg Mason [profile] ClearBridge Aggressive Growth Fund, co-managed by Richard Freeman and Evan Bauman, who achieved a risk-adjusted performance of 4.3 percent over the past three years. Leondis writes that the fund was ranked the best out of 34 large funds that buy stocks of U.S. companies with higher-than-average growth.

The PMs look for cash-rich companies that grow faster than their rivals, Leondis writes. Leondis reports that the fund has a heavy focus on industries poised for growth, with 34 percent of assets allocated into health care stocks.

Freeman, who ran the fund from the beginning, was quoted by Leondis as saying, "The stronger names are those we've ones for a long time and have gone to make higher highs in terms of earnings and cash flows, and stock prices have moved accordingly."

Leondis reports that the fund's performance has been a boon for Legg Mason, which is trying to walk back its five straight years of redemptions.

To read more, click here.  

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use