Please ensure Javascript is enabled for purposes of website accessibility

Legg Mason sees rise in Feb. managed assets

Legg Mason Inc. reported assets under management in February 2013 totaled $661 billion, a 3.6 percent increase over the $638 billion that the company reported in February 2012.

Month to month, February’s total was 0.93 percent higher than the $654.9 billion that was reported in January 2012.

Breaking down the February 2013 figure into categories, the Baltimore-based asset management company reported fixed income in February fell slightly, to $365.9 billion from $366.2 billion in January.

Equity investments in stocks rose to $152.2 billion from $151.3 billion in January.

Liquid assets, such as money market funds, showed the most gain, rising to $142.9 billion in February from $137.4 billion in January.