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Stock Market & Financial Investment News

News Breaks
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.
News For LM From The Last 14 Days
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February 9, 2016
08:11 EDTLMMason reports AUM $651.5B as of January 31
Legg Mason reported preliminary assets under management of $651.5B as of January 31. This month's AUM included preliminary long-term net outflows of $5.8B, consisting of fixed income outflows of $3.8B and equity outflows of $2.0B. Liquidity outflows were $2.8B and this month's AUM included $1.7B in negative foreign exchange impact.

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