The Wall Street Journal: 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.

Shares of Legg Mason LM, +4.39% , which has about $758 billion in assets under management, have been battered in recent years as the firm struggles to navigate sweeping changes in the investment-management landscape.

>>> Original Source <<<