Legg Mason Assets Under Management Fall 1.5%

Although its stock has appreciated 37% over the past year, money management firm Legg Mason reported this morning that its assets under management in May fell 1.5% year over year.

The global asset management firm said total AUM fell to $654.3 billion last month, down $10.3 billion, though foreign exchange alone reduced the amount by approximately $4.5 billion.

Equity investments were up 2.7% from last year, while fixed-income investments were down around 0.5% on a reported basis. Long-term AUM were up 0.3% from the year-ago period.


Headquartered in Baltimore, Legg Mason provides active asset management in major investment centers around the world.

The article Legg Mason Assets Under Management Fall 1.5% originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to Value Investing

Are you the next Warren Buffett?

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Add a Comment

*0 / 3000 Character Maximum