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Legg Mason is a diversified group of global asset management firms ('affiliates') who are recognized for their proven investment expertise and long-term performance.

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Legg Mason announces acquisition of QS Investors

Hand Shake

Legg Mason has announced a definitive agreement to acquire QS Investors, a leading customized solutions and global quantitative equities provider based in New York, with $4.1bn in assets under management and nearly $100bn in assets under advisory.

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The Greatest Trade Ever

The New York Post reports that John Paulson, the hedge fund manager who paid himself $3.7bn last year after that spectacular trade shorting the subprime market, lost some ground in July - although not much. The newspaper says that Paulson's six hedge funds fell about 3.7% over the month.

Hand Shake

Legg Mason announces acquisition of QS Investors

Legg Mason has announced a definitive agreement to acquire QS Investors, a leading customized solutions and global quantitative equities provider based in New York, with $4.1bn in assets under management and nearly $100bn in assets under advisory.

The Latest On The Market Turmoil

The Daily Telegraph reports that the US Federal Reserve has pledged $200bn of emergency funding to ease liquidity problems in the markets. The move is designed to help alleviate the problems caused because of the current reluctance of banks and other financial institutions to actually lend money to each other. Creditworthy borrowers will now be able to stand in line and tap the Fed for money instead (although, in the scheme of things, $200bn is actually not a lot).

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