Updated Friday, August 1, 2014 as of 10:32 PM ET

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Legg Mason Folds Miller Value Unit Into ClearBridge Investments

Alexis Leondis

Legg Mason Inc., the money manager best known as home to stockpicker Bill Miller, is folding Millerís Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.

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