Legg Mason’s 130/30 Offering Off To Strong Start

Jun 13 2007 | 9:35am ET

Asset management firm Legg Mason Inc. is the latest to enter the 130/30 space. The firm’s affiliate, Batterymarch Financial Management, in January launched its 130/30 US Large Cap Equity strategy, which beat its benchmark in the first quarter.

Year-to-date through May, the strategy is up 13.5%, beating the Russell 1000, which is up 9.3%.

Batterymarch’s latest offering employs a proprietary stock selection model, which ranks 3,000 liquid stocks across six criteria—cash flow, earnings growth, expectations, value, technical and corporate signals—according to firm documents. The strategy holds on average 150 to 175 longs and 100 to 130 shorts. It is targeting returns of benchmark plus 350 basis points.

Batterymarch manages discretionary domestic equity portfolios for institutional clients. The firm currently managed some $25 billion in assets.


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.