Legg Mason Inc. CEO Joseph A. Sullivan made his case for active fund managers Tuesday, telling shareholders that average stock market returns will soon no longer cover the needs of investors. Money managers like Legg Mason and T. Rowe Price Group Inc. that offer actively managed funds, such as mutual funds, have faced upheaval over the last few years as investors moved their money into passive funds that mirror indices, like those offered by Vanguard. But Sullivan said a “disconnect” between investor…
from https://www.bizjournals.com/baltimore/news/2017/07/25/like-john-harbaugh-legg-mason-ceo-wants-the-firm.html?ana=RSS%26s=article_search
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