Legg Mason, Inc. (NYSE:LM) (a member of S&P 400 ) is a global financial services company that provide financial advice to individual and institutional investors, corporations, high net worth individuals, government entities, endowments and foundations, pension plans , associations, and insurance companies . Its core businesses are: investment advisory services , securities brokerage and capital markets.
Management
- CEO: Raymond A. "Chip" Mason
- SVP: F. Barry Bilson
- "Principal Financial Officer": Charles J. Daley Jr.
Subsidiaries
Legg Mason Capital Management, Inc.
Legg Mason Capital Management, Inc. (LMCM), based in Baltimore, MD, oversees five of the Legg Mason Funds: Value Trust (LMVTX), Special Investment Trust (LMASX), American Leading Companies Trust, Growth Trust, and Opportunity Trust (LMOPX).
Management
- CEO: Bill Miller joined Legg Mason in 1981 and manages the Value Trust and Opportunity Trust mutual funds and co-manages the Special Investment Trust mutual fund with assistance from the Investment Team. He is sometimes referred to as a person, among for example Bill Gross of the Pacific Investment Management Company (PIMCO), that supposedly has managed money better than an index fund. The Opportunity Trust fund has outperformed the market by a wide margin since its inception in 1999 ([1]). But the Value Trust ([2]) fund, and the Special Investment Trust ([3]) fund are trailing the S&P 500 since their inception in 1982 and 1985.
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