In the Margins

Legg Mason reports quarterly losses

May 2, 2016

By The Wall Street Journal

Legg Mason Inc. reported losses in its most recent quarter. “Macro headwinds negatively impacted operating results for the quarter, which were disappointing in terms of long-term flows and financial performance,” CEO Joseph Sullivan said. The Baltimore-based company made progress during the quarter in transforming its portfolio, however, an effort it began several years ago to diversify the business, Sullivan said. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Compensation
Fund CCOs continue to see pay increases

Mutual fund chief compliance officers saw notable increases in pay again in 2018, though they did not receive as big a pay bump as they did ...

10 Things
10 Things...to read in summer 2019

Hello, Summer 2019! Today's solstice marks the beginning of the season, and that—hopefully—means a slower pace for a few months. Trips to the beach, time on ...

A Seat at the Table
Invesco Funds board finalizes succession plans

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett ...