Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a decline in its assets under management (AUM) in September on a sequential basis. This was preceded by a drop in both August and July AUM.
Preliminary month-end AUM came in at $611.8 billion, down 5% from $643.4 billion at the end of August. Moreover, equity AUM, fixed income AUM and liquidity AUM plummeted compared with the prior month.
Legg Mason’s equity AUM in September dipped 10.9% from the prior month to $144.9 billion while fixed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards