LEGG MASON CAPITAL MANAGEMENT LLC

Legg Mason Capital Management LLC, as of 2013, has been folded and merged into ClearBridge, LLC, although it continues to serve as a subsidiary of Legg Mason Inc. The company is an investment management services firm based out of Baltimore. ClearBridge, LLC can trace its history back to 1982 and currently has an additional office located in Wayne, Pennsylvania. ClearBridge, LLC, not to be confused with ClearBridge Investments LLC, currently has 23 employees with 10 of them being investment professionals. The company conducts its research internally and utilizes fundamental and quantitative analysis methodologies to make its investment decisions. ClearBridge, LLC invests in the public equity markets of the United States, focusing on the growth and value stocks of selected large cap companies. The company invests most heavily in the finance and information technology sectors, which each make up approximately a fifth of its total asset allocations, and also invests in the health care, consumer discretionary, energy, and industrials sectors, among others to a lesser degree, in order of decreasing amount allocated. Only its top 2 holdings in Citigroup, Inc. and Microsoft Corp. go over 3% of its total holdings and its top 10 holdings make up approximately a quarter of its total holdings with the firm having a turnover rate of 10.4%. ClearBridge, LLC currently has approximately $5.8 billion in total assets under management spread across 15 accounts, all of which are discretionary. Both of its total number of accounts held and total assets under management have been decreasing in recent years with its highest amount being $15.5 billion in assets and 90 accounts four years ago. ClearBridge, LLC mainly caters to investment companies and pooled investment vehicles, each making up almost a third of its entire client base, and also provides its services to high net worth individuals, pension and profit sharing plans, corporations, and others, in order of decreasing clientele.