Legg Mason’s assets under management improve

Posted: 2:42 pm Fri, February 10, 2012
By Daily Record Staff

Legg Mason Inc. of Baltimore, a global asset manager, said its assets under management totaled $631.3 billion in January 2012, a less-than-1 percent rise from December 2011 when the amount was $627 billion.

The January figure, however, was a marked improvement over September 2011, when Legg recorded $611.8 billion in investors’ capital.

In January, fixed-income investments rose to $356.7 billion from $352.6 billion in the prior month.

Equity investments in stocks increased to $160.9 billion from $153.3 billion in the previous month.

Liquid assets, such as money-market mutual funds, fell, dropping to $112.8 billion from $121.1 billion in December 2011.