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

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

Rating:Smith Barney Funds Take Legg Mason Name Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 10, 2006

Smith Barney Funds Take Legg Mason Name

by: Marie Glancy

Some months after its marriage with Citigroup's asset management business, Legg Mason announced Friday that almost all Smith Barney mutual funds have now taken the Legg Mason name, and will be known as the Legg Mason Partners Funds. The move signals the beginning of Legg Mason's integration of the fund families that formerly belonged to Citigroup Asset Management.

Last December 1, the two companies completed a trade by which Legg Mason acquired Citigroup's asset management arm, while Citigroup took over the brokerage services of Baltimore-based Legg Mason. With the deal, Legg Mason's AUM closed out 2005 at approximately $850 billion.

The Legg Mason Partners brand has been created for the newly acquired funds of CAM.

Peter Cieszko managing director and head of U.S. distribution for Legg Mason & Co., said in a statement that the change will underscore how the investment products are now affiliated with Legg Mason, "a 'pure' asset management firm with a proven track record in investment management."

Exceptions to the renaming are most Smith Barney retail money market funds, and the Smith Barney Puerto Rico family of funds, which will be renamed at a future date yet to be determined. Other fund families of CAM will be renamed later this year, said a press release.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use