Legg Mason Inc. reported assets under management rose a miniscule 0.6 percent in December 2010 compared to the prior month. The Baltimore-based asset management company recorded $671.8 billion in the investments it managed in December 2010, compared to $667.7 billion in November.
For the year-to-year comparison, assets under management dropped $9.8 billion, or about 1.4 percent, from the $681.6 billion recorded in December 2009. Equity investments rose in December 2010 to $184.2 billion, from $168.7 billion in the December 2009 period. Fixed-income dropped to $355.8 billion from $365.8 billion in December 2009. Liquid assets dropped to $131.8 billion from $147.1 billion in the December 2009 period.