Legg Mason Inc. has rebranded all of its U.S. mutual funds, including most of the Smith Barney and Salomon Brothers funds it acquired from Citigroup Inc. in December 2005.
The Baltimore investment manager said the mutual funds are now in the Legg Mason Partners Funds family. This "is one of the final steps in the yearlong rebranding effort to transition the funds and to create Legg Mason Partners as a unified and cohesive fund family," it said last week.
It also implemented a new pricing structure to create uniformity across all equity and fixed-income mutual funds.
Legg Mason established the Legg Mason Partners brand in April. In July it announced proposals to streamline its offerings of approximately 170 funds to 119. Those proposals are being voted on by shareholders and would be implemented next quarter if approved.
Legg Mason had $891 billion of assets under management on Sept. 30.
