Franklin Buys Legg Mason in an Effort to Survive Passive Era
Headquarters of Franklin Resources Inc., parent company of money management unit Franklin Templeton, are seen in the early morning hours in San Mateo, California. (Photographer: Noah Berger/Bloomberg News)

Franklin Buys Legg Mason in an Effort to Survive Passive Era

(Bloomberg) -- Franklin Resources Inc. and Legg Mason Inc. helped pioneer asset management in the 20th century. On Tuesday, the venerable but fading names said they will combine in an effort to com...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.