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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.