Legg Mason Reports Assets Under Management for February 2011

Mar 10, 2011, 08:00 ET from Legg Mason, Inc.

BALTIMORE, March 10, 2011 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $673 billion as of February 28, 2011.  This month's AUM reflects the previously disclosed divestiture of an Asian equity manager that reduced assets under management by $2.2 billion.

LEGG MASON, INC. AND SUBSIDIARIES

(Amounts in billions)

(Unaudited)

Assets Under Management

Preliminary

February 2011

January 2011

December 2010

September 2010

June 2010

March 2010

Equity

$           188.7

$         185.6

$             184.2

$              169.6

$    155.8

$      173.8

Fixed Income

353.4

352.9

355.8

371.6

357.9

364.3

Long-Term

542.1

538.5

540.0

541.2

513.7

538.1

Liquidity

130.6

133.3

131.8

132.3

131.7

146.4

Total

$           672.7

$         671.8

$             671.8

$              673.5

$    645.4

$      684.5

About Legg Mason

Legg Mason is a global asset management firm with $673 billion in assets under management as of February 28, 2011. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

SOURCE Legg Mason, Inc.