Legg’s assets under management up slightly

Posted: 1:23 pm Tue, April 12, 2011
By Daily Record Staff

Legg Mason Inc. of Baltimore, a global asset manager, said its assets under management rose slightly to $677.6 billion through the end of March 2011, up from $672.7 billion at the end of February 2011.

However, the total was lower than at the end of March 2010, when the firm reported assets under management of $684.5 billion. Fixed-income investments closed at $356.6 million on March 31, 2011, compared to February’s $353.4 billion.

Managed assets in stocks rose to $189.6 billion at the end of March 2011 from $188.7 billion in the prior month. Liquidity assets, such as money-market mutual funds, rose to $131.4 billion in March of this year from $130.6 billion in February.