Plus   Neg

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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A former Southwest Airlines employee has filed a racial discrimination lawsuit against the airline, alleging that the carrier allowed its employees to create a "whites-only" breakroom. The lawsuit was filed in the United States District Court in Houston earlier this week by Jamel Parker, a former employee of Southwest Airlines. American Airlines Inc. has joined its major rivals in raising baggage fees as the airline industry grapples with higher fuel costs and rising operating expenses. The largest U.S. airline said Thursday it is raising the price of a first and second checked bag by $5 each. The price of a first checked bag is now $30, while it is $40 for a second checked bag. The takeover battle by Comcast Corp. nd Rupert Murdoch's 21st Century Fox Inc. for British broadcaster Sky plc will be settled through an auction. The UK Takeover Panel said Thursday that an auction procedure is expected to commence on the evening of Friday, September 21, 2018 and end on the evening of September 22, 2018. The winner of the auction will be announced on Saturday.
Follow RTT