Legg Mason sees managed assets rise

Daily Record Staff//April 10, 2013//

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Legg Mason Inc. reported assets under management in March 2013 totaled $664.6 billion, a 3.2 percent increase over the $643.3 billion that the company reported in March 2012. Month to month, March’s total was .05 percent higher than the $661 billion that was reported in February.

Breaking down the March figure into categories, the Baltimore-based asset management company reported fixed income assets totaled $365.1 billion, up from $356.1 billion recorded in March 2012. Equity investments in stocks fell, totaling $161.8 billion in March 2013 compared to $163.4 billion in the same month of 2012.

Liquid assets, such as money market funds, surged to $137.7 billion from $123.8 billion in March 2012.

Tags: Legg Mason, Business, earnings, business news

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