Legg Mason mulls purchases, QDLP scheme, active ETFs
The US fund house’s chief executive, Joseph Sullivan, spoke to AsianInvestor about his global ambitions for the firm, with a focus on Asia, most notably China.
Legg Mason, after buying fund-of-hedge-funds firm Fauchier Partners and folding it into subsidiary Permal in March, is now mulling similar ‘bolt-ons’ in Asia and elsewhere.
The US asset manager is also considering other potential acquisitions and team lift-outs, as well as areas such as actively managed exchange-traded funds. It would also like to see Permal considered for Shanghai’s qualified domestic limited partner (QDLP) scheme.
Global CEO Joseph Sullivan says he’s not inter…
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