Legg Mason Brings Miller Unit Into ClearBridge Fold

Law360, New York (January 16, 2013, 8:58 PM EST) -- New York-based asset manager Legg Mason Inc. said on Wednesday that it will bring its Legg Mason Capital Management LLC division — long the domain of superstar fund manager Bill Miller — under the umbrella of ClearBridge Advisors, Legg Mason's biggest equity manager.

LMCM will continue to operate as its own unit within ClearBridge and is not expected to have any impact on the larger entity's $60 billion portfolio or investment teams, according to a statement from the parent company.

“ClearBridge provides a robust business platform...
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