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Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Sat., May. 8, 6:53 AM Recent mergers and acquisitions in the Asset Management M&A category.

Slide #11. Legg Mason, Inc. QS Investors

Acquirer: Legg Mason, Inc. (LM)
Acquiree: QS Investors
Details: Legg Mason, Inc. (NYSE: LM) today announced a definitive agreement to acquire QS Investors, a leading customized solutions and global quantitative equities provider based in New York, with $4.1 billion in assets under management and nearly $100 billion in assets under advisory. Legg Mason's existing quantitative equity platform, Batterymarch Financial Management, and Legg Mason Global Asset Allocation, its existing solutions platform, will be integrated over time into QS Investors as a result of this transaction. The combined platform will be a world-class retail and institutional solutions and global quantitative equity provider with compelling investment strategies and strong consultant relationships.

Legg Mason is a holding company. Through its subsidiaries, Co. is an asset management company that provides investment management and related products and services. Co.'s investment advisory services include discretionary and non-discretionary management of separate investment accounts for institutional and individual investors. Co.'s investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in various investment styles. Co. also provides other domestic and offshore funds to both retail and institutional investors, privately placed real estate funds, hedge funds, and funds-of-hedge funds.

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Company Name: 
Legg Mason, Inc.
Asset Management

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Hold (2.00 out of 4)
96th percentile
(ranked higher than approx. 96% of all stocks covered)
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