MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 5, 2013 Legg Mason May Break Into Private Equity 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. Printed from: MFWire.com/story.asp?s=44102 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |