1. Legg Mason May Become Target of Activist Campaign to Boost Margins

    Legg Mason May Become Target of Activist Campaign to Boost Margins

    Trian Fund Management LP may wage an activist campaign at Legg Mason Inc. and push the money manager to improve its flagging results, according to people familiar with the matter.  Trian recently has held discussions with Legg Mason management about the need to cut costs and improve profit margins, the people said. The two sides may still negotiate a settlement that sidesteps a proxy fight, they added...

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