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Article: Legg Mason Establishes ClearBridge Advisors as New Name for Former Citigroup Asset Management Group.
- Article from:
- PR Newswire
- Article date:
- May 1, 2006
CopyrightCOPYRIGHT 2006 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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ClearBridge to Be Named Principal Equity Advisor to Legg Mason Partners Funds
NEW YORK, May 1 /PRNewswire-FirstCall/ -- Legg Mason, Inc. today announced that it has established ClearBridge Advisors from the former Citigroup Asset Management U.S. Equity Group that it acquired from Citigroup effective December 1, 2005. ClearBridge Advisors is comprised of several affiliated investment advisers under common supervision, which together have over $100 billion of assets under management. The firm offers a bottom-up, primary research intensive, fundamental approach to security selection that focuses on companies with solid economic returns relative to their risk- ...