Legg Mason Inc. subsidiary Western Asset Management and the RLJ Companies LLC have formed a minority-owned company that has been selected as a pre-qualified fund manager for the U.S. Treasury Department’s Public-Private Investment Program. The new entity.
NEW YORK--(BUSINESS WIRE)--Western Asset Mortgage Defined Opportunity Fund Inc. (the “Fund”), which is ... partnership sponsored as joint venture by Western Asset Management Company and The RLJ Companies, LLC, and was formed pursuant to the U.S.
Geithner’s PPIP was originally envisioned with two components ... BlackRock , Invesco, Marathon Asset Management, Oaktree Capital Management, RLJ Western Asset Management, Trust Company of the West and Wellington Management. (This reporter has assets.
RLJ Western Asset Management, the investment company, has raised enough money to join with the government in buying toxic assets held by banks, the Treasury Department said Thursday. The purchases of the soured mortgage securities and other assets in the.
RLJ Western Asset Management raised the minimum $500 million to participate in the federal Public-Private Investment Program, the Treasury Department announced. RLJ is a minority-owned partnership between The RLJ Cos. and Western Asset Management.
and RLJ Western Asset Management, LLC, a $2.8 billion fund designated by the U.S. Department of the Treasury to purchase mortgage backed securities through the Public Private Investment Program (PPIP). RLJ Acquisition marks the second time Johnson has.
Invesco Ltd.; Marathon Asset Management; Oaktree Capital Management; RLJ Western Asset Management (a joint venture of The RLJ Cos, founded by Robert L. Johnson, and founder of Black Entertainment Television, and Western Asset Management); The TCW Group.
On Tuesday, RLJ Western Asset Management, LP declared that it has liquidated approximately all the assets of the RLJ Western Asset Public/Private Master Fund (RLJ/WA PPIP). Western Asset Management, LP is a division of Legg Mason, Inc. ( LM), whereas The.
On Tuesday, RLJ Western Asset Management, LP declared that it has liquidated approximately all the assets of the RLJ Western Asset Public/Private Master Fund (RLJ/WA PPIP). Western Asset Management, LP is a division of Legg Mason, Inc. (LM - Free Report.
Western Asset Management and The RLJ Companies have formed a new minority-owned entity. RLJ will own 51% of the new limited liability company and 49% will be owned by Legg Mason’s fixed-income unit, WAMCO. The new entity will benefit from WAMCO’s.