BALTIMORE, May 2, 2016 /PRNewswire/ -- Legg Mason, (NYSE: LM) announced today that it has completed the transaction to combine the EnTrust and Permal businesses, with Legg Mason owning 65% of EnTrustPermal.
About Legg Mason
Legg Mason is a global asset management firm with $670 billion in assets under management as of March 31, 2016. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).
About EnTrust Capital
EnTrust Capital is a leading alternative asset management firm with approximately $12 billion[i] in total assets as of March 31, 2016. EnTrust manages assets for over 450 institutional accounts and has over $4 billion in customized strategic partnerships with institutional investors, including over $5 billion in longer duration opportunistic capital. EnTrust is headquartered in New York City
[i] Total assets include AUM, assets under advisory and unfunded contractually committed assets.
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SOURCE Legg Mason, Inc.