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Article: Private Capital Deal a National Legg-Up.(Private Capital Management acquisition by Legg Mason)(Brief Article)
- Article from:
- American Banker
- Article date:
- May 31, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. 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.'s deal to acquire Naples, Fla.-based Private Capital Management, which would be the firm's third acquisition of a private asset manager in the past year and a half, would help the firm achieve its goal of expanding its asset management business and doing so in the increasingly competitive high-net-worth marketplace. It would also give the firm a multi-regional reach that is fairly uncommon among private asset firms.
Raymond Mason, chairman and CEO of the Baltimore-based brokerage firm, said the buy is part of the firm's long-term strategy, formulated nearly 20 years ago: to push Legg Mason into the top tier of asset managers in the United States, and the ...
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Article: Legg Mason 1Q Profit Climbs 31 Percent
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July 26, 2005 ;
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... ... During the first quarter, Legg Mason reported that assets under ... Among our other managers, Legg Mason Capital Management and Private Capital Management had the strongest ... fees, the company said. Legg Mason shares fell 1 percent to ...
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