Legg Mason reports decrease in assets
BALTIMORE — Legg Mason Inc. said today that its assets under management fell 4 percent during the month of May to $657.9 billion from $685.3 billion at the close of April.
Legg Mason’s stock assets under management totaled $163 billion at the end of last month, down from $177.8 billion in the previous month. Stocks have been battered in recent weeks due to investor concerns that rising debt in Europe could derail the global economic recovery.
The asset manager, based in Baltimore, said fixed-income assets slipped to $358.8 billion as of May 31 from $367.1 billion at the end of April. Liquidity assets shrank to $136.1 billion from $140.4 billion.
![[RSS Feed]](http://i2.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
![[del.icio.us]](http://i0.wp.com/msbusiness.com/wp-content/plugins/tdc-sociable-toolbar/delicious.png)
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Hosemann revels in victory over Court's redistricting ruling
- LNG facility hoping to begin exporting natural gas
- Nullification and interposition
- Tenn. company makes unspecified offer to lease hospital
- Airport's food irradiation business could create new jobs
- In wake of bond issue failure, golf course fights to stay playable
POST A COMMENT