By Katie Jordan on October 19, 2011
Managed by Royce co-CIO Whitney George and portfolio manager David Nadel, the fund has returned 25.9%* since launch in December 2009 against its benchmark return of 17.10% and peer group return of 6.5%.
Using Royce’s value-oriented contrarian approach, the fund seeks to achieve long-term capital appreciation by investing at least two-thirds …
Continue Reading “Legg Mason Royce Global Smaller Companies Fund achieves S&P ‘AA’ rating” »
Posted in Client News | Tagged financial services PR, Legg Mason, Legg Mason Royce Global Smaller Companies Fund, Royce, S&P
By Katy Moore on September 23, 2011
Katy Moore gives an insight into a week at MRM, giving all the gossip from her working week while highlighting what news has interested MRM over the past seven days
Well, what a week it has been for the finance industry! First off, the industry was rocked late …
Continue Reading “A week at MRM” »
Posted in Friday blog | Tagged Cafe Mode, Italy, market turmoil, Nucleus, rogue trader, S&P, UBS
By Chris Duncan on July 26, 2010
S&P, Moody’s and Fitch made a bold decision last week: they effectively banned the use of their ratings for new issues of asset-backed bonds. Since credit ratings are a legal requirement for bond registration statements in the US, this move has, in a single stroke, shut down the public market …
Continue Reading “Rating agencies have hardly covered themselves in glory in recent times. If last week is anything to go by, the stain on their reputation could grow significantly larger.” »
Posted in Communications | Tagged Fitch, Moody's, Ratings, S&P
