ClearBridge Investments
| Company type | Subsidiary |
|---|---|
| Industry | Asset management |
| Founded | 1962 |
| Headquarters | New York City , United States |
| Parent | Franklin Templeton Investments |
ClearBridge Investments (ClearBridge) is a New York City-based asset management firm specializing in equities. Originally part of Citigroup's asset management division until 2005, it was subsequently rebranded as ClearBridge Investments and now operates as a subsidiary of Franklin Templeton Investments.
History
ClearBridge's roots trace back to multiple asset management entities established as early as 1962, including divisions from Smith-Barney, Loeb, Rhoades & Co., Shearson, and Salomon Brothers. These groups were unified under Citigroup following its 1998 formation, forming Citigroup Asset Management.
In 2005, Citigroup and Legg Mason conducted an asset swap valued at $3.7 billion, through which Citigroup Asset Management was transferred to Legg Mason in return for Legg Mason’s broker-dealer operations. This transition led to the rebranding of the business as ClearBridge Investments.
ClearBridge played a significant role in 2007 by opposing the Dolan Family's $10.6 billion proposal to privatize Cablevision; shareholders ultimately rejected this offer.
In 2013, Legg Mason merged its Capital Management division—previously managed by investor Bill Miller—into ClearBridge.
Following Franklin Templeton Investments' acquisition of Legg Mason in 2020, ClearBridge became part of Franklin Templeton’s portfolio, enhancing its international reach and broadening its investment management solutions.