Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Legg Mason to merge platforms following acquisition of QS Investors

Legg Mason to merge platforms following  acquisition of QS Investors

Legg Mason is to integrate its Batterymarch Financial Management and Legg Mason Global Asset Allocation platforms in to newly-purchased QS Investors.

New York-based QS Investors is an investment firm providing customised solutions and global quantitative equity strategies. It has $4.1 billion under management, and $100 billion assets under advisory.

Batterymarch, Legg Mason's existing quantitative equity platform, and Legg Mason Global Asset Allocation, its incumbent solutions platform will lose their branding and be merged into QS Investors.

The acquisition is set to complete in the first fiscal quarter of 2015, and the firm said the move 'firmly postions Legg Mason within the rapidly growing global client demand for customized solutions, liquid alternatives and smart beta strategies'.

The expanded platform will be known under the QS Investors name, and run by its chief executive officer Janet Campagna and CIO Rosemary Macedo, while 'key investment professionals' from Batterymarch and LMGAA will join the existing QS team.

Legg Mason has predicted restructuring and transition costs of approximately $35 million, including $3 million this quarter, and $30 million during the 2015 fiscal year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter