Legg Mason assets fall 6% over quarter

clock

US - Legg Mason's assets under management fell 6% over the quarter due to tough market conditions and ongoing redemptions, latest figures reveal.

The Baltimore asset manager's AUM dropped to US$645.4bn from $684.5bn over the first fiscal quarter of 2011, while quarterly profits fell 4%. Fixed income outflows were $9.4bn and liquidity outf...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PP Investment Conference: Last chance to register

PP Investment Conference: Last chance to register

Mansion House reforms, private markets and endgame key topics for 19 November event

Professional Pensions
clock 14 November 2024 • 1 min read
Updated: LGPS megafunds plan raises fears over 'indirect influence' on investment decisions

Updated: LGPS megafunds plan raises fears over 'indirect influence' on investment decisions

Shifting allocation decisions away from local control could compromise LGPS autonomy

Jonathan Stapleton
clock 14 November 2024 • 5 min read
Mansion House speech: 11 recommendations for LGPS reform

Mansion House speech: 11 recommendations for LGPS reform

Barnett Waddingham says Mansion House will be ‘watershed’ moment for the LGPS

Jeff Houston with contributions from Melanie Durrant and Dave Moreton
clock 12 November 2024 • 3 min read
Trustpilot