{"id":303021,"date":"2010-02-10T11:33:00","date_gmt":"2010-02-10T16:33:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/legg-mason-assets-under-management-slip-in-january-2010-2"},"modified":"2010-02-10T11:33:00","modified_gmt":"2010-02-10T16:33:00","slug":"legg-mason-stock-assets-under-management-dropped-4-in-january","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/303021","title":{"rendered":"Legg Mason Stock Assets Under Management Dropped 4% in January"},"content":{"rendered":"

\"billmiller<\/p>\n

BALTIMORE (AP) — Legg Mason Inc. on Wednesday said its assets under management slipped to $679.4 billion at the end of last month, down slightly from $681.6 billion at the end of December.<\/p>\n

January’s preliminary figure is down from $702.7 billion at the end of September, but up from $632.4 billion at the end of March, when the start of a bull market began sending stock prices higher.<\/p>\n

Last month’s slight decline in managed assets at Baltimore-based Legg Mason came as the Standard & Poor’s 500, a broad stock index, fell 3.7 percent.<\/p>\n

Legg Mason’s stock assets under management fell about 4 percent to $161.7 billion at the end of January, compared with $168.7 billion at the end of December. Fixed-income assets rose to $367.5 billion from $365.8 billion, and liquidity assets rose to $150.2 billion from $147.1 billion.<\/p>\n

Shares of Legg Mason rose 78 cents, or about 3.1 percent, to $25.86 in morning trading.<\/p>\n

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