Legg Mason assets under management dip in October

Associated Press Published: November 12, 2012
Advertisement
;

BALTIMORE (AP) — Mutual fund company Legg Mason Inc. on Monday said that it had $645.6 billion in assets under management at the end of October, down 0.8 percent from a month earlier.

The Baltimore-based company's total assets are up 3 percent in 2012.

Legg Mason had $627 billion in assets under management at the beginning of this year and $650.7 billion at the end of September.

Fixed income assets rose slightly to $371.8 million in October, while equity assets under management and liquidity both edged lower.

Shares of Legg Mason rose 19 cents to $25.19 in afternoon trading, near the mid-point of its 52-week trading range.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Dave Chappelle Reveals Shockingly Buff New Look
  2. 2
    Peaches Geldof Funeral to Be Held on Easter Monday
  3. 3
    Mayor Who Fired Lesbian Police Chief Caught On Tape In Homophobic Tirade
  4. 4
    NBA commissioner wants to raise age limit to 20
  5. 5
    Dream guitars I wouldn't mind calling my own (34 Photos)
+ show more