Asset Management Business Grows Despite Earnings Decrease

Although Legg Mason's investment advisory and related fees are up 46% from a year ago, the firm today reported a 12% drop in second quarter net earnings from the same period a year ago. Net earnings for the second quarter totaled $35.4 million.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.