LeggMason Investors is looking to launch more unit trusts using fund management expertise from its U...
LeggMason Investors is looking to launch more unit trusts using fund management expertise from its US parent, writes Mark Colegate. LeggMason owns a number of subsidiaries in the US including Western, a California-based global bond specialist with a London office and some $56bn in assets. It also owns Batterymarch, a Boston-based asset manager established in 1974 which specialises in emerging markets. Rebecca Thomas, chief executive at LeggMason Investors, said global bonds and emerging markets were two obvious areas where the UK group lacked funds and it would be keen to fill these gap...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes