Legg Mason’s assets under management dip in April
BY: Daily Record Staff
POSTED: May 10, 2012
Tags: assets under management, earnings, investments, Legg Mason, liquid assets, managed assets, Stocks
Legg Mason Inc. said total assets under management at the end of April were 0.6 percent lower than in the prior month. The Baltimore-based global asset management company reported total managed assets of $639.3 billion on April 30, 2012, compared to $643.3 billion at the end of March. Breaking down the April figure into categories, [...]
Legg Mason’s 4th quarter profit up 10 percent
BY: Staff and Wire Reports
POSTED: May 1, 2012
Tags: assets, bonds, earnings, expenses, fourth quarter, funds, investors, Legg Mason, mark fetting, profits, redemptions, revenue, stock, trading
Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in the three months that ended March 31, from $69 million, or 45 cents, a year [...]
Legg sees assets under management slip
BY: Daily Record Staff
POSTED: April 12, 2012
Tags: assets under management, equity investments, fixed-income investments, Legg Mason, liquid assets, money market funds
Legg Mason Inc. said total assets under management at the end of March were 5.1 percent lower than in the previous year. The Baltimore-based global asset management company reported total managed assets of $643.3 billion on March 31, 2012, compared to $677.6 billion for the same month in 2011. Breaking down the March figure into [...]
Legg Mason’s assets under management rise
BY: Daily Record Staff
POSTED: March 12, 2012
Tags: bartlett & co., divestiture, earnings, equity investments, fixed-income investments, global assets, Legg Mason, liquid asset, liquid assets
Legg Mason Inc. reported assets under management in February 2012 totaled $638 billion, a 1.1 percent increase over the $631.3 billion recorded in January, but a 5.8 percent decrease from the $677.6 billion posted in March 2011. Breaking down the February figure into categories, the Baltimore-based global asset management firm reported fixed-income investments in February [...]
Legg Mason’s assets under management improve
BY: Daily Record Staff
POSTED: February 10, 2012
Tags: assets under management, fixed-income, improve, investments, Legg Mason
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 [...]
Legg Mason’s 3Q profit declines 54 percent
BY: Staff and Wire Reports
POSTED: January 27, 2012
Tags: earnings, Gabelli & Co., Legg Mason, Macrae Sykes, mark fetting, Western Asset
Legg Mason Inc. said Friday that its fiscal third-quarter profit declined 54 percent as assets fell, lowering fees for managing investors’ money. Baltimore-based Legg earned $28.1 million, or 20 cents a share, in the quarter that ended Dec. 31, from $61.6 million, or 41 cents, a year earlier. Profit missed the $42.1 million average estimate [...]
Legg Mason’s Miller to step down from day-to-day running of fund
BY: Staff and Wire Reports
POSTED: November 17, 2011
Tags: Bill Miller, Ernie Kiehne, Legg Mason, Legg Mason Capital Management, Legg Mason Value Trust, morningstar, s&p 500, Sam Peters, Standard & Poor's 500
The long-time manager of Legg Mason’s flagship mutual fund, Bill Miller, is stepping down next year. After 30 years at the helm of the Legg Mason Value Trust, the company said Thursday that Miller will cede the day-to-day reins to co-manager Sam Peters. Legg Mason Capital Management said that the transition had been in the [...]
Legg’s assets under management decline
BY: Daily Record Staff
POSTED: October 12, 2011
Tags: asset manager, assets, assets under management, Baltimore, fixed-income, invesments, Legg Mason, liquid assets, money-market mutual funds
Legg Mason Inc. of Baltimore, a global asset manager, said its assets under management fell to $611.8 billion at the end of September 2011, down more than 9.1 percent from the $673.5 billion recorded in September 2010. Fixed-income investments declined to $355.5 billion from $371.6 billion in the previous year. Managed assets in stocks dropped [...]
Legg Mason assets slip nearly 2 percent in August
BY: Associated Press
POSTED: September 13, 2011
Tags: assets under management, Baltimore, equity assets, fixed-income assets, Legg Mason, Legg Mason Inc., liquidity assets, stock, trading
Mutual fund company Legg Mason Inc. on Tuesday said it had $643.4 billion in assets under management in August, down 1.8 percent from the previous month. The Baltimore-based company’s total assets are down 4.2 percent since the end of January. Legg Mason had $655.4 billion in assets under management in July and $671.9 billion at [...]
Legg Mason sees drop in managed assets
BY: Daily Record Staff
POSTED: August 10, 2011
Tags: asset manager, assets under management, Baltimore, fixed-income investments, Legg Mason, liquid assets, money-market mutual funds, Stocks
Legg Mason Inc. of Baltimore, a global asset manager, said its assets under management fell in July to $655.4 billion, down 1.1 percent from the $662.5 billion recorded in the prior month. Fixed-income investments closed at $370.6 billion, up $5.2 billion from the June total of $365.4 billion. Managed assets in stocks dropped to $176.2 [...]
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