Sunday, 26 October 2014
Last updated 1 day ago
Feb 1 2012 | 2:35am ET
Fund of hedge funds Permal Group suffered a 9% drop in assets last year, parent Legg Mason said.
Permal's assets fell from $19.6 billion to $17.8 billion in 2011. During the fourth quarter, the unit contracted by about $900 million.
All told, Legg Mason's overall assets under management fell by 6.7% during the year, to $627 billion. The firm's quarterly net income fell by more than half year-on-year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.