Shares of Legg Mason rose on a report that Trian may start an activist campaign against the investment management firm.
Trian reportedly held discussions with the firm encouraging them to cut costs and improve margins, people familiar with the matter told the WSJ.
Legg Mason a Baltimore-based investment firm with $758 billion assets under management, has struggled lately with its focus on active money management as low-cost passive investing in index funds and exchange-traded funds takes over the financial industry. Shares of Legg Mason have returned a negative 4% a year the last five years, badly trailing the 10% positive return of the overall financial industry and the S&P 500.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Peltz's Trian Fund may push for changes at mutual fund Legg MasonNelson Peltzs' Trian Fund Management LP may push Legg Mason Inc. to impleme...
Read more »
Ohio high school eliminating valedictorian honor - CNN VideoA high school in Mason, Ohio, is eliminating the honor of valedictorian in an effort to improve mental health
Read more »
Emma and Liam are the most popular baby names -- againThe Social Security Administration just released its list of most popular baby names for babies born in the US last year. These are the most popular for boys: 1. Liam 2. Noah 3. William 4. James 5. Oliver 6. Benjamin 7. Elijah 8. Lucas 9. Mason 10. Logan
Read more »
Peltz's Trian Fund may push for changes at mutual fund Legg MasonNelson Peltzs' Trian Fund Management LP may push Legg Mason Inc. to impleme...
Read more »
John Templeton profited from ‘temporary insanity’ in 2000 — now it’s your turn, says longtime money managerDuring the peak of the 2000 bubble, legendary investor John Templeton cashed in on what was described at the time as a “once-in-a-lifetime opportunity,” by...
Read more »
Analysis | Can South Africa’s Ramaphosa turn his government around?Analysis: Can South Africa’s Ramaphosa turn his government around?
Read more »
Wealth manager: 'The solution to your money problems isn't more money'—it's thisWealth manager: 'The solution to your money problems isn't more money'—it's this (via CNBCMakeIt)
Read more »
Florida-bound cruise ship turns around to search for missing woman overboard in frigid AtlanticA passenger aboard the MS Amsterdam cruise ship said a missing woman was feared overboard so the captain turned his vessel around to search for her.
Read more »