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Legg Mason, Inc.

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  • Legg Mason continues growth after years of withdrawals

    Legg Mason continues growth after years of withdrawals
    Legg Mason Inc. reported Thursday its quarterly profit grew 51 percent, thanks to a strategy that has diversified the money manager's investment portfolio.
  • Legg Mason's assets under management rise 9 percent

    Legg Mason's assets under management rise 9 percent
    Assets under management at Legg Mason Inc. jumped 9 percent in June, compared with a year earlier, the Baltimore money manager said Friday. Legg Mason reported $704.3 billion in managed assets, about $60 billion higher than in June 2013. The company...

    Legg Mason to acquire QS Investors

    Legg Mason to acquire QS Investors
    Legg Mason Inc. has agreed to acquire QS Investors, a New York-based investment firm with $4.1 billion in assets under management and nearly $100 billion in assets under advisory. Financial terms of the deal, announced Tuesday, were not disclosed. The...

    Legg Mason's new CEO sees compensation more than double

    Legg Mason's new CEO sees compensation more than double
    The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based...

    Legg Mason to shutter London-based boutique

    Legg Mason to shutter London-based boutique
    Legg Mason Inc. announced Wednesday it would be shutting down its London-based emerging markets boutique and returning money to investors. Esemplia Emerging Markets manages $500 million in assets, not large enough to keep operating, Legg said. The firm,...