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Stock Market & Financial Investment News

News Breaks
February 11, 2013
13:05 EDTLMLegg Mason advances after Gabelli takes stake, report of new CEO
Shares of asset management company Legg Mason (LM) are rising after investment firm Gabelli announced that it had obtained a 5.13% stake in Legg Mason as of February 8. Separately, Legg Mason reported that its assets under management increased to $654B as of January 31, up from $649B as of December 31. Meanwhile, Dow Jones reported mid-day that the company would name a new CEO this week following a five month search. Several "high profile" executives declined to take the job, the news service added. In early afternoon trading, Legg Mason rose 1.5% to $27.62, down from its high for the day of $28.08.
News For LM From The Last 14 Days
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April 13, 2015
07:57 EDTLMLegg Mason reports assets under management $702.7B as of March 31
Legg Mason reported preliminary assets under management of $702.7B as of March 31. This month's AUM included preliminary long-term inflows of $2.6B driven by fixed income inflows of $3.9B. Equity and Liquidity outflows were $1.3B and $6.5B, respectively. March AUM included a negative foreign exchange impact of $3.2B.

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