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, July 25, 2007 Legg Shops for International Stock Manager Lacking a strong presence in the arena of international stock funds, Legg Mason's Raymond Chip Mason has made it a priority to buy an international stock manager, The WSJ reports. The report quoted Mason as saying that acquiring such a firm is Legg's "number one priority." Meanwhile, Legg may have posted healthy numbers for the first quarter of 2007, but outflows have still plagued the company's high profile stock funds. Investors yanked about $7 billion out of Legg's stock funds in Q1 of this year in response to lagging performance. Printed from: MFWire.com/story.asp?s=15190 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |