logo
Plus   Neg
Share
Email

Legg Mason Reports AUM Of $744.6 Bln As Of June 30

Legg Mason Inc. (LM) reported preliminary assets under management of $744.6 billion as of June 30, 2018. The AUM included net long-term outflows of $0.9 billion, driven by net outflows in equity of $1.4 billion, partially offset by net inflows in fixed income of $0.5 billion. Alternative flows were break-even.

Fixed income inflows included a $1.0 billion low-fee subscription. Alternative AUM reflects $0.1 billion of realizations. Liquidity net outflows were $0.2 billion and this month's AUM included a negative foreign exchange impact of $2.0 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following the sell-off seen in the previous session, stocks showed another significant move to the downside during trading on Tuesday. With the continued drop, the tech-heavy Nasdaq fell to its lowest closing level in over seven months. A federal judge in San Francisco has temporarily blocked President Donald Trump's plan to restrict asylum claims by illegal immigrants. In a ruling issued late Monday, U.S. District Court Judge Jon Tigar accused the Trump administration of trying to rewrite immigration laws. Bank of England Governor Mark Carney welcomed the draft Brexit deal and the transition arrangement that the British Prime Minister Theresa May struck with the European Union last week, but warned that the risks of a "no-deal, no-transition" scenario remained very high. Speaking at a Treasury Select Committee hearing, Carney said, "We welcome the transition arrangements in the withdrawal deal."
Follow RTT