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

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

Rating:Sullivan Wants to Bolt On Boutiques Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 12, 2015

Sullivan Wants to Bolt On Boutiques

News summary by MFWire's editors

When Joe Sullivan goes deal-hunting, he's looking for boutiques that could fit into Legg Mason's [profile] existing subsidiaries.

Rick Seltzer of the Baltimore Business Journal reports that on Tuesday Sullivan (Legg's CEO) talked about his acquisition strategy for the Baltimore-based, publicly-traded mutual fund shop.

"We are very open to strengthening our existing affiliates by bolting acquisitions into them to make them better or stronger," Sullivan reportedly said Tuesday at a Morgan Stanley event in New York City.

To figure out where your shop might fit in, take a look at Legg's current affiliates:

  • Philadelphia-based Brandywine Global Investment Management, a value manager with $66 billion in AUM and 230 employees (as of March 31, 2015);

  • New York City-based ClearBridge Investments, an equity manager with $117.8 billion in AUM and 200 employees (as of March 31), and additional offices in Baltimore, San Francisco, and Wilmington;

  • Legg Mason Poland, a fundamental, bottom-up asset manager that invests in bonds and equities;

  • Edinburgh-based Martin Currie, an active, fundamentals-focused equity manager;

  • London-based Permal, a global alternative asset manager with about $21 billion in AUM and additional offices in Beijing, Dubai, Hong Kong, Nassau, Paris, and Singapore, as well as New York City;

  • New York City-based QS Investors, an institutional active equities and liquid alternatives quantitative asset manager and advisory firm, with $4.1 billion in AUM and nearly $100 billion in AUA;

  • New York City-based Royce Funds, a small cap value manager with about $30 billion in AUM (as of March 31); and

  • Pasadena, California-based Western Asset (Western Asset Management Company, Wamco), a fixed income asset manager with $454.8 billion in AUM (as of March 31) and additional offices in Dubai, Hong Kong, London, Melbourne, New York City, Sao Paulo, Singapore, and Tokyo.

    As of April 30, 2015, Legg Mason and all of its affiliates combined had more than $707 billion in AUM and about 3,100 employees. 

    Edited by: Neil Anderson, Managing Editor


    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
    2021: Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    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


    1. MFDF In Focus: Board Oversight of Sub-advisers, April 15
    2. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
    3. IDC Virtual Roundtable: Florida - April 2021, April 20
    4. The 31st Sub-Advised Funds Forum, Apr 20-21
    5. ETF.com Awards 2020, April 20
    6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
    7. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
    8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
    9. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
    10. IDC Webinar: The Future of the Workplace - April 2021, April 23
    11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
    12. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
    13. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
    14. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
    15. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
    16. ICI 2021 General Membership Meeting - Day 1, May 6
    17. Emerging Manager Forum USA, May 12-14
    18. ICI 2021 General Membership Meeting - Day 2, May 13
    19. 2021 FINRA Annual Conference, May 18-20
    20. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
    21. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
    22. MFDF Director Discussion Series - Open Forum via Zoom, May 19
    23. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
    24. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
    25. ICI 2021 Operations and Technology Conference, May 20
    26. MFDF webinar - Board Oversight of a Fund's Derivatives Risk Management and Fund Compliance With Rule 18f-4, May 24




    ©All rights reserved to InvestmentWires, Inc. 1997-2021
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use