It was a relatively calm quarter for domestic-stock funds.
The stockpicker reached a deal to buy out Legg Mason's stake in the entity housing his funds, which he'll continue to run.
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 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 ...
We've raised Legg's Parent rating to Positive from Neutral following improvements to its affiliate portfolio, but challenges do remain.