Legg Mason AUM Declines In November
Stock quotes in this article:
LM
BALTIMORE (AP) — Legg Mason Inc. reported Wednesday assets under management of $694 billion as of Nov. 30.
That's down from the $702.7 billion at the end of September. CEO Mark Fetting, speaking at the Goldman Sachs financial services conference Wednesday, said equity flows were running about the same, the difference is primarily in fixed-income outflows, which have accelerated from the previous quarter. Shares of Legg Mason fell 80 cents, or 2.8 percent, to $27.99 in afternoon trading.- Loading Comments...
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