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Slide #35. Legg Mason, Inc. — Fauchier Partners
Legg Mason, Inc. (NYSE:LM)
Legg Mason, Inc. and affiliate Permal have announced a definitive agreement to acquire Fauchier Partners, a leading European based manager of funds of hedge funds, from BNP Paribas Investment Partners. Fauchier Partners will be combined with Permal, one of the largest alternative asset managers in the world, to create an institutionally focused platform (the 'Group') with approximately $24 billion in assets under management, offices in nine locations around the world, and a global investment team based in New York, London, Paris and Singapore.
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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Hold (2.00 out of 4)
(ranked higher than approx. 96% of all stocks covered)
Based on Zacks ABR data;
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