Asset Management M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:00 AM
Recent mergers and acquisitions in the Asset Management M&A category.
| This Slide: #31 of 49 |
Slide #31. Legg Mason and Permal — Fauchier Partners
Acquirer:
Legg Mason and Permal (LM)
Acquiree:
Fauchier Partners
Details:
Legg Mason, Inc. (NYSE: LM) and affiliate Permal have today completed the acquisition of Fauchier Partners, a leading European based manager of funds of hedge funds, from BNP Paribas Investment Partners. Fauchier Partners had estimated assets under management of $5.4 billion as of February 28, 2013.
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.
Open the LM Page at The Online Investor »
|
|||||||||
Open the LM Page at The Online Investor (in a new window) »
 Free LM Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
