Legg Mason, Inc., has announced new names for the investment management portfolios offered by its Separately Managed Account (SMA) business, which was acquired as part of the transaction in which it acquired substantially all of the worldwide asset management businesses of Citigroup, which closed in December of 2005. (Equity SMA portfolios take the ClearBridge name; most fixed-income SMA portfolios take the name of Western Asset; and Multiple Discipline Accounts, Balanced Portfolios, and Custom Portfolios take the Legg Mason name because they may take advantage of the investment capabilities of several Legg Mason investment managers.) In addition, effective today, CAM North America, LLC, is ClearBridge Advisors, LLC, and Salomon Brothers Asset Management Inc. is ClearBridge Asset Management Inc. The new names will help investors more clearly recognize these investment portfolios as part of the Legg Mason family.
Legg Mason Re-Names Separately Managed Accounts Business Acquired From Citigroup
Legg Mason, Inc., has announced new names for the investment management portfolios offered by its Separately Managed Account (SMA) business, which was acquired as part of the transaction in which it acquired substantially all of the worldwide asset management businesses
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