Capital Management

The pitch bores in low and skitters under Ian Anderson's mitt. As he chugs to retrieve the baseball, another enemy runner dashes across home plate, putting the Carver Bears more hopelessly behind. Shoulders slump around this West Baltimore diamond, lumpy and pocked with dandelions after weeks of no mowing. Harvey White, pitching his first game ever for Carver, can't find his control. And Anderson, filling in for a suspended teammate, looks like the novice he is behind the plate. But from the bench comes an animated voice, cutting through the dejection: "Good job, Ian!

No new leases have been announced for Town Centre Laurel — the development that is planned for the site where Laurel Mall once stood — but agreements with tenants already announced have been officially finalized, and the project is said to be on track. The developers of the $130 million project gave City Council members an update at the meeting on Monday night, May 13. Officials with Greenberg Gibbons Commercial, the project's lead developer, said asbestos removal and the demolition work of the existing structure went as planned.

Legg Mason money manager Sam Peters will begin co-managing the company's flagship mutual fund next month. Peters will join star manager Bill Miller in managing the $4 billion Legg Mason Capital Management Value Trust. The company had announced earlier this year that Peters would become co-manager and eventually succeed Miller as the Value Trust's manager once he retires. Mary Chris Gay will continue to serve as the fund's assistant portfolio manager. Miller is known for having beat the benchmark Standard & Poor's 500 index for 15 consecutive years.

Legg Mason's famed stock picker Bill Miller will officially hand over the day-to-day management of the well-known Legg Mason Capital Management Value Trust fund to his successor Sam Peters on April 30, the Baltimore money manager announced Thursday. The announcement comes after Peters was named more than a year ago to head the Value Trust fund, which Miller has managed for 30 years. Miller will also relinquish his role as chief investment officer of Legg Mason Capital Management to Peters.

She says they go through the bureau of treasury management.  I don't understand why they would bypass the BOE though.    I'm in the comptroller's office.  They're saying they have no records pertaining to Grant Capital Management because those contracts do not go before the Board of Estimates. Ugh.  

T. Rowe Price Associates Inc. was among seven institutions that bought most of the stake of the Rouse Co.'s one-time biggest stockholder, Rouse said yesterday.T. Rowe joined with the six other institutions and Columbia-based Rouse in buying 9.5 million shares of Rouse stock from Canadian real estate giant Trizec Corp. Ltd. of Calgary, Alberta, Canada.In the deal, Rouse bought 1 million shares of its common stock from Trizec, which is attempting to reduce its debts.The remaining 8.5 million shares of common stock sold by Trizec were purchased for cash by seven U.S. institutional investors -- T. Rowe Price of Baltimore; Ariel Capital Management and Wanger Asset Management, both of Chicago; McCowan Associates Inc., the General Motors Investment Management Corp.

Chapman Capital Management Holdings Inc. raised about $5.5 million yesterday in an initial public offering.The Baltimore-based investment company, which is the parent of the Chapman Co., a full-service brokerage, said it sold 865,791 shares at $7 each in the offering.Shares hit $8 before falling back to $7 at the close on the Nasdaq small-cap market, in trading of 397,800 shares.In filings with the Securities and Exchange Commission, the company said it planned to use $1.6 million of the proceeds from the IPO to create new investment products, $1.2 million to expand sales and marketing efforts, and $1 million to "promote strategies" for Chapman Holdings' mutual funds, such as its Domestic Emerging Markets closed-end mutual fund, which are based on investing primarily in shares of businesses owned by minorities and women.

CHICAGO - Two major investors in General Growth Properties are joining Brookfield Asset Management in offering to inject a combined $6.5 billion in fresh funds into the shopping mall operator to help it emerge from bankruptcy protection. General Growth said in a statement late Monday that its board is weighing an offer from Fairholme Capital Management, one of its largest unsecured creditors, and Pershing Square Capital Management, one of its largest shareholders, to invest $3.93 billion.

Catonsville retiree Jim Daly considered it galling to have to shell out a combined $2,800 for six "personal seat licenses" for the right to buy Ravens season tickets before the team moved to its new stadium in 1998. "I thought it was a total rip-off," said the devout fan, whose truck is painted Ravens purple. But Daly shifted his position after he sold the seat licenses recently, turning his investment into $13,000 - a 464 percent profit. Daly joined many other fans who are making money on their initial football investments.

The Small Business Administration has seized one of two funds managed by Baltimore-based venture capital firm Anthem Capital Management LLC after losses and a lackluster investment environment appeared to put the SBA's remaining $20 million investment at risk, the federal agency said yesterday. The SBA took over the 10-year-old fund, Anthem Capital LP, last month after obtaining a federal court order naming it as receiver. Anthem Capital Management was not affected by the order and remains in operation, company officials said.