Legg Mason
Latest Legg Mason News
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Many stock mutual funds are still far from 2007 highs
Yacktman fund (YACKX), up 55% --Parnassus Workplace fund: (PARWX, up 42%. The three worst performers: -- Legg Mason Capital Value Trust (LMVTX), down 35% --ICON Fund C (ICNCX), down 27% --Fidelity Growth & Income Portfolio
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Dodge & Cox Tops List of Best Mutual FundsPrice 3. American Funds 4. Franklin Templeton Investment 5. MFS 6. Thornburg 7. Vanguard 8. Harbor 9. JPMorgan 10. Legg Mason /Western Kinnel says Morningstar's analysis takes into account a variety of metrics for each company: "We take data
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Asian funds emerge winners from markets' tumult
director of research for fund tracker EPFR Global. Legg Mason 's Asian Opportunities Fund, which invests in the region's the Singapore-based head of Asia distribution for Legg Mason . Pension funds, sovereign wealth funds and institutional
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Put your 401(k) on autopilot with target-date funds
give to your fund company, the more you get to keep for yourself. Expenses for the 2030 group ranged from 1.16% for Legg Mason Target Retirement C (ouch) to 0.11% for iShares Target 2030. Even if you want to put your retirement savings on
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Are stock prices determined by facts or human nature?
means that a fabulous track record typically fades and becomes an average one. Case in point: Bill Miller, manager of Legg Mason Value Trust, beat the S&P 500 for 15 consecutive years from 1991 through 2005, one of the most impressive streaks
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Despite recent gains in stocks, mutual funds have far to go
value funds, financial-services stocks often pop up on lists of relatively cheap stocks. So big value funds, such as Legg Mason Value Trust, got slammed in the most recent bear market. "Those who made big shifts hurt themselves," Kinnel says
News
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Shares in mutual fund companies take off
spend more as stocks rise, Snowling says. Nevertheless, a few fund companies remain relatively cheap. For example, Legg Mason lm gained about 13% this year. The company's flagship funds have turned in a lousy performance the past 12 months
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Key to economic recovery may be in California
in Newport Beach and Western Asset in Pasadena, according Allianz Global, and Western Asset is the bond operation of Legg Mason . The two combined run be credit experts." Western Asset 's Ken Leech, who
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Economy doesn't leave money market funds unscathed
bad investments. Among the companies that have shored up their funds: Dreyfus, Columbia, Northern Trust, HSBC, Legg Mason , Wells Fargo, SEI, Allianz Dresdner, Bank of America and Evergreen. "The fact that there have been deep pockets
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Even Warren Buffett's having a tough time investing these days
contracts, despite his warnings of the dangers. The explanation shows Buffett is managing the risk, says Robert Hagstrom of Legg Mason . •Admission of mistakes. Buffett purchased a large amount of ConocoPhillips stock when oil prices were peaking last
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It's been a tough decade for stock funds
a , Warren Buffett's holding company, significantly underperformed the S&P 500 in 1998, Brouwer notes. And at Legg Mason Value Prime lmvtx , manager Bill Miller beat the S&P 500 for more than a dozen years. The fund has lagged behind the
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Fundline: What was the worst fund news to hit in 2008?
ultrashort funds offered by Fidelity, Dreyfus, JPMorgan and Legg Mason all produced below-average results. Nevertheless, Schwab's offering was the worst of the lot. • Legg Mason Prime Value. Manager Bill Miller has been lauded
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Plunging stocks lead to start of layoffs at mutual funds
layoffs would be about 7% of Fidelity's employees. • Legg Mason said it plans to cut 40 to 50 people from its workforce of 147. Legg Mason 's star manager, Bill Miller, hit an ugly patch of
