ClearBridge Investments

American investment firm

ClearBridge Investments, LLC

Formerly| Citigroup Asset Management
Company type| Subsidiary
Industry| Investment Management
Founded| 1962; 63 years ago (1962)
Headquarters| One Madison Avenue, New York City, US

Key people

| Terrence Murphy (CEO)
AUM| US$193.3 billion (September 2024)

Number of employees

| 285 (2024)
Parent| Franklin Templeton Investments
Website| clearbridge.com
Footnotes / references
[1]

ClearBridge Investments (ClearBridge) is an equities focused asset management firm headquartered in New York City. It was previously the asset management unit of Citigroup until 2005 when it was rebranded as ClearBridge Investments. Currently it is a subsidiary of Franklin Templeton Investments.

## History

[edit]

ClearBridge traces its origins to several individual asset management firms with the earliest being established in 1962.[2][3][4][5] These firms include the asset management units of Smith Barney, Loeb, Rhoades & Co, Shearson and Salomon Brothers.[2][4][5] After a series of mergers, all of these firms became part of Citigroup which was formed in 1998.[2][4][5][6] The asset management units under Citigroup were merged to form its asset management unit, Citigroup Asset Management.[2][4][5]

In 2005, Citigroup and Legg Mason performed an asset swap worth $3.7 billion.[2][4][5][7] Citigroup would give Citigroup Asset Management to Legg Mason in exchange for Legg Mason's broker-dealer business.[2][4][5][7] After the transaction was completed, Legg Mason rebranded Citigroup Asset Management to ClearBridge Investments.[2][4][5][8]

In 2007, the Dolan Family attempted to take Cablevision private for $10.6 billion but ClearBridge, the largest shareholder, opposed it and eventually the bid was rejected by shareholders.[9][10][11]

In 2013, the Legg Mason Capital Management division that was previously headed by Bill Miller was integrated into ClearBridge.[5][12]

In 2020, ClearBridge became a subsidiary of Franklin Templeton Investments after its parent company, Legg Mason was acquired by Franklin Templeton Investments.[13]

## References

[edit]

1. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023.
2. ^ a b c d e f g "firm-factcard.pdf". January 7, 2023. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
3. ^ DiStefano, Joseph N. (March 20, 2017). "UPDATE: Vanguard Explorer trails manager it fired". inquirer. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
4. ^ a b c d e f g "ClearBridge International All Cap Opportunity Fund". www.sec.gov. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
5. ^ a b c d e f g h "Legg Mason combining equity biz with ClearBridge | Equities". AsianInvestor. January 16, 2013. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
6. ^ Martin, Mitchell; Tribune, International Herald (April 7, 1998). "Citicorp and Travelers Plan to Merge in Record $70 Billion Deal : A New No. 1:Financial Giants Unite". The New York Times. ISSN 0362-4331. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
7. ^ a b Creswell, Julie (June 25, 2005). "Citigroup and Legg Mason Release Details of Asset Swap". The New York Times. ISSN 0362-4331. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
8. ^ Sams, Rachel (May 1, 2006). "Legg rebrands former Citi unit as ClearBridge Advisors". www.bizjournals.com. Archived from the original on March 16, 2024. Retrieved January 7, 2023.
9. ^ Sorkin, Andrew Ross (October 17, 2007). "Cablevision Buyout Deal Is Imperiled". The New York Times. ISSN 0362-4331. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
10. ^ Lauricella, Peter Grant and Tom. "Cablevision Deal Meets More Opposition". WSJ. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
11. ^ Sorkin, Andrew Ross (October 25, 2007). "Dolans' Bid to Take Cablevision Private Is Rejected by Shareholders". The New York Times. ISSN 0362-4331. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
12. ^ "Legg Mason Folds Miller Value Unit Into ClearBridge". Bloomberg.com. January 16, 2013. Archived from the original on November 27, 2017. Retrieved January 7, 2023.
13. ^ "ClearBridge relies on helping employees grow". Pensions & Investments. December 9, 2021. Archived from the original on January 7, 2023. Retrieved January 7, 2023.

## External links

[edit]

* Official website

* v
* t
* e

Franklin Templeton

Johnson family|

* Charles B. Johnson
* Rupert Johnson Jr.
* Greg Johnson
* Jenny Johnson

Notable employees|

| Former|

* John Templeton
* Mark Mobius
* Michael F. Price

|

Subsidiaries|

* Clarion Partners
* ClearBridge Investments
* Edinburgh Partners
* Fiduciary Trust Company International
* K2 Advisors
* Legg Mason
* Lexington Partners
* Putnam Investments
* Royce Investment Partners
* Western Asset Management Company

* v
* t
* e

Citigroup

People|

* Michael E. O'Neill
* Vikram Pandit
* Richard Parsons
* William R. Rhodes
* Lewis B. Kaden
* Al Waleed bin Talal Al Saud
* John Havens

Brands and companies|

| Current|

* Banamex
* Citibank
* Citigold
* Citi Private Bank
* Egg
* Metalmark Capital
* Red Roof Inn

|

Former|

* ClearBridge Investments
* Court Square Capital Partners
* CVC Capital Partners
* Diners Club International
* Morgan Stanley Wealth Management
* OneMain Financial
* Primerica
* The Travelers Companies

Notable
former executives|

* Winfried Bischoff
* Michael Bloomberg
* Gary Crittenden
* Jamie Dimon
* Ahmed Fahour
* Stanley Fischer
* Lewis Glucksman
* Thomas W. Jones
* Sallie Krawcheck
* Victor Menezes
* George S. Moore
* Samuel Osgood
* Joe J. Plumeri
* Chuck Prince
* John Reed
* Robert Rubin
* James Stillman Rockefeller
* William Rockefeller
* Moses Taylor
* Sandy Weill
* Robert B. Willumstad
* Walter Wriston

Corporate directors|

* Michael Armstrong
* Alain Belda
* George David
* Kenneth T. Derr
* John M. Deutch
* Roberto Hernández Ramírez
* Manolo Falcó
* Jane Fraser
* Ann Jordan
* Klaus Kleinfeld
* Andrew N. Liveris
* Anne Mulcahy
* Richard Parsons
* Chuck Prince
* Judith Rodin
* Robert Rubin
* Franklin A. Thomas
* Sandy Weill

Local entities|

* Argentina
* Australia
* Bahrain
* Canada
* China
* Colombia
* Europe
* Hong Kong
* India
* Indonesia
* Japan
* South Korea
* Malaysia
* Mexico
* Philippines
* Russia
* Singapore
* Thailand
* Taiwan [zh]
* Uganda
* United Arab Emirates
* United States of America
* Vietnam

Predecessors|

* ACC Capital
* California Federal Bank
* Franklin National Bank

* Headquarters: 388 Greenwich Street, New York City, New York 10043, United States
* Category

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template