Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Legg Mason to Streamline Mutual Fund Complex


Legg Mason filed with the Securities and Exchange Commission last week to streamline its mutual fund complex by merging U.S. funds and liquidating others, resulting in 119 funds as opposed to the current 166. Most of the former Smith Barney and Salomon Brothers funds will be re-branded Legg Mason Partners Funds.

In addition, the company intends to reduce the number of boards overseeing the funds from 10 to three, one monitoring equity funds, another fixed income and the third, closed-end funds.

(c) 2006 Money Management Executive and SourceMedia, Inc. All Rights Reserved.

http://www.mmexecutive.com http://www.sourcemedia.com