Price discipline can offset some of the risks of investing in no-moat firms.
Why this prominent fund’s struggles don’t doom the category.
The stockpicker reached a deal to buy out Legg Mason's stake in the entity housing his funds, which he'll continue to run.
We've raised Legg's Parent rating to Positive from Neutral following improvements to its affiliate portfolio, but challenges do remain.
The second quarter saw the market decisively break from the devastating collapse that began following the failure of Lehman Brothers last September and which appears to have ended on March 6th at an intraday low of 666 on the S&P 500¹. The S&P rose 15.93% in the quarter, and ended the first half up ...
AMG buys stake in Yacktman and more.
A terrible 2006 rank doesn't mean a manager has lost his touch.
Plus, a new Vanguard fund, changes at Fidelity, and more.