MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 31, 2008 Legg Mason Puts Brandywine into the Spin Cycle Legg Mason is planning to spin off the international stock team of its Brandywine Global Investment Management unit. In Thursday's WSJ Fund Track, Kaja Whitehouse reported that the Baltimore firm decided to turn the team, led by Paul Ehrlichman, into a separate subsidiary. The new entity has yet to be named. Legg Mason's new CEO Mark Fetting made the comments in an earnings call yesterday. Fetting also said that he forsees improvements the performance of Legg's funds and plans to shore up its cash funds that were battered by investments in SIVs. Printed from: MFWire.com/story.asp?s=17279 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |