Legg Mason Fires 62 Batterymarch Employees in Transition to QS
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Legg Mason Inc. is firing 62 Batterymarch Financial Management employees as it combines the affiliate with QS Investors, the global quantitative equity firm it’s purchasing this year.
The employees will depart beginning in July, and 12 will join QS Investors, spokeswoman Mary Athridge said in an e-mail. The Baltimore, Maryland-based money manager sent a letter to the state of Massachusetts providing notice under the Worker Adjustment and Retraining Notification Act, she said.