Top Analyst Says AMG, Old Mutual and Legg Mason are Undervalued
As asset management earnings season kicks off, one top analyst says firms that are construed as “too complex” may be bargains.
Julie Segal
January 25, 2017
Joseph Sullivan, president and chief executive officer of Legg Mason Inc., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Nov. 4, 2015. Sullivan, who was named CEO in 2013 and has guided Legg Mason's growth through acquisitions, said he would like to broaden his firm's lineup by acquiring private equity, energy and real estate assets. Photographer: Chris Goodney/Bloomberg *** Local Caption *** Joseph Sullivan
Chris Goodney/Bloomberg
