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Article: Legg Mason Acquires Rothschild Asset Management (Singapore).
- Article from:
- PR Newswire
- Article date:
- January 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Legg Mason, Inc. announced today that it has acquired the business of Rothschild Asset Management (Singapore) Limited ("RAM(S)" on behalf of its wholly owned subsidiary, Western Asset Management Company. The transaction was structured as a purchase of assets. A joint announcement of the transaction was made by Legg Mason and The Rothschild Group in Singapore earlier today.
RAM(S) manages approximately US$1 billion of fixed income and equity assets in separate accounts and unit trusts (similar to mutual funds). Approximately 70% of the assets are in fixed income accounts, with the remainder primarily in Singapore/Asian-based equity accounts; virtually all ...
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