Legg Mason acquiring Fauchier Partners
Legg Mason
Copyright 2010 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 12/13/2012
BALTIMORE (AP) -- Mutual fund company Legg Mason Inc. says it is acquiring Fauchier Partners.
The terms of the deal announced Thursday for the European manager of funds of hedge funds were not disclosed. Legg Mason says the deal is expected to close in the first quarter of 2013.
Legg Mason says Fauchier will be merged into Legg's subsidiary Permal. The combination with the alternative asset manager will give the two about $24 billion assets under management and offices in nine locations worldwide.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
PRINT
| |
Special Reports
-
SPECIAL REPORT | Day care inspections
SPECIAL REPORT | Thousands of child care center inspections reports are NOW AVAILABLE. Find out what inspectors founds inside day care centers across the state.
-
Inside a Criminal Mind | Jason Scott
SPECIAL REPORT | When it's out of your hands, when your life is at the mercy of an armed, masked man staring down at you from the barrel of a gun in your own home, you grasp at whatever it is you can control; breathing, composure, or faith.
-
SPECIAL REPORT | Bad Medicine
SPECIAL REPORT | ABC2 Investigator Joce Sterman has reviewed thousands of pages of documents for her Bad Medicine report.
More Baltimore City News
-
Baltimore Schools CEO reacts to audit
The price for a pair of dinner cruises out of Baltimore's Inner Harbor? -
Brew at the Zoo set for this weekend
-
2 Good 2 Be True: Andy Norris and Jesse
-
Need for probe at BCDC criticized
-
Celebrate Baltimore Museum Week
- Stay Connected
