Friday, April 29, 2016

Legg Mason 'not satisfied' with fourth-quarter loss

Money manager Legg Mason Inc. took its second straight quarterly loss Friday amid an outflow of money from many of its investment affiliates, also slipping to a loss for the full 2016 year. The results are a challenge as Baltimore-based Legg (NYSE: LM) seeks to use a series of acquisitions to reposition itself for the future as a more diverse investing company. Legg faces upfront pressure in its existing businesses after significant drops in assets under management and a tumultuous first quarter…



from http://www.bizjournals.com/baltimore/news/2016/04/29/legg-mason-not-satisfied-with-fourth-quarter-loss.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/143584388947

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