Legg Mason has signed three new deals in less than 24 hours in a continuing bid to bolster its stable of money management businesses.

Following an introduction in 2015 from influential Legg Mason shareholder Nelson Peltz, the Baltimore-based firm is merging EnTrust Capital, an investment firm based in New York that invests clients' money in hedge funds, with its existing fund-of-hedge-funds business, Permal Group.