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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.
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September 10, 2014
07:57 EDTLMLegg Mason reports August Assets Under Management of $711B as of August 31
This month's AUM included fixed income inflows of approximately $2.1B, equity inflows of approximately $0.2B and liquidity inflows of approximately $4.5B. August AUM included a negative foreign exchange impact of approximately $0.6B.

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