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Stock Market & Financial Investment News

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March 12, 2014
07:59 EDTLMLegg Mason reports preliminary AUM of $695B as of February 28
Legg Mason reported preliminary assets under management of $695B as of February 28. February total AUM increased from January driven by market appreciation and approximately $1.5B of positive foreign exchange. In addition, modest long-term inflows were driven by equity inflows which more than offset slight fixed income outflows.
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July 25, 2014
07:33 EDTLMLegg Mason acquisition positive, says Wells Fargo
After Legg Mason agreed to buy international equity manager Martin Currie, Wells Fargo thinks the deal will enable Legg Mason to gain a foothold in international equity, while enabling Currie to leverage Legg Mason's retail distribution channel. The firm does not expect the deal to affect Legg Mason's share buybacks. It keeps an Outperform rating on the shares.
July 24, 2014
08:32 EDTLMLegg Mason acquires Martin Currie
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