structured-investment

But the Baltimore-based money manager, which took large hits from structured-investment funds during the financial crisis, may be turning a corner, as its outflows were sequentially lower for the quarter and in the month of March Legg Mason's flows turned positive, with inflows in fixed income and alternatives.

Fees Lift Profit for Legg Mason Corrie Driebusch 2011

Further, large holders of nonagency mortgage securities like banks are keeping these bonds on their portfolios, hoping to see them recover all of their original face value, while liquidations of large structured-investment vehicles that held a cross-section of these securities have tapered off, Mr. Litvak said.

Toxic Debt Returns to Fashion 2010

Legg Mason Inc. swung to a fiscal fourth-quarter profit, its fourth in a row, on a prior-year charge from eliminating all remaining structured-investment vehicles from its money-market funds.

Legg Mason Swings to a Profit 2010

Traditional buyers -- banks, structured-investment vehicles and conduits -- which accounted for two-thirds of the market, are deleveraging or no longer exist.

Europe's ABS Market: Thing of the Past 2009

Traders have heard whispers of issuers trying to revive structured-investment vehicles, which were filled with illiquid assets financed by cheap, short-term debt.

Fed Up With Games on Funding 2009

Lord Turner also wants to extend regulation to what he calls the "shadow" banking system, placing capital requirements on large hedge funds and so-called structured-investment vehicles -- off-balance-sheet funds that banks often set up to derive income from investments but that were at the heart of the credit crisis.

U.K. and Germany Call for Tougher Regulation of Banks 2009

Moody's Investors Service downgraded six structured-investment vehicles sponsored by Citigroup Inc. in the wake of the company's banking operations being downgraded.

Moody's Downgrades Citigroup SIVs 2009

Legg Mason Inc. eliminated all the remaining securities issued by structured-investment vehicles from its money-market funds, selling the last $1.8 billion they held.

Legg Mason Eliminates SIVs From Money-Market Funds 2009

Defying the day's trend, there was bullish action around Legg Mason Inc. after the asset manager said it had eliminated securities issued by structured-investment vehicles from its money-market funds.

Traders Load Up on Puts on Struggling Fiancials 2009

Meanwhile, the company's fixed-income business is improving as it sidestepped the troubles in structured-investment vehicles.

Two Mutual-Fund Firms Fight the Tape 2008