BNET Industries
Legg Mason Inc. (LM) is in the Financial Services Industry
- Revenue
- Mar 31 2007
- $4.3B
- Profit
- Mar 31 2007
- $646.8M
- Market Cap
- May 08 2008
- $7.3B
Latest News and Analysis
Merrill's Thain: Credit Crisis Easing
By Rina Chandran MUMBAI (Reuters) - The U.S. credit crisis is easing and the risk in its housing market is dramatically lower now, but economic growth will remain under pressure over the next year, the chief executive of Merrill Lynch & Co Inc...
Legg Mason Posts First-ever Loss
By Muralikumar Anantharaman BOSTON (Reuters) - Legg Mason Inc (LM) posted on Tuesday a wider-than-expected quarterly loss, the U.S. money manager's first loss ever, as it took a big charge related to a bail-out of money market funds exposed to risky securities and...
Legg Mason Manager Sees End of Panic, Start of Value
Bill Miller famously outperformed the S&P 500 for the first 15 years he managed Legg Mason's Value Fund. Almost as famously, he has underperformed that benchmark for the last two years. Now he's sticking his neck out and saying the worst is likely over in the financial sector. For...
BlackRock Profit Hit By Market Turmoil
BOSTON (Reuters) - Money manager BlackRock Inc (BLK) reported higher first-quarter profit on Wednesday as assets under management grew, but earnings fell far short of Wall Street estimates, hurt by market turmoil. "As the second quarter begins, markets remain highly unstable...
TrendAlert: Lowry's Reports V. Legg Mason - The $20 Million Copyright Wake-Up Call
Copyright infringement is just one of the fronts in a broader battleground loosely referred to as "corporate compliance." This paper looks at Lowry's Reports v. Legg Mason, an important recent court decision in the field of copyright law, and analyzes its implications for copyright compliance activities and processes. The facts...
Additional Resources
Shares fall 10 percent as Baltimore's Legg Mason suffers 1st
Legg Mason Inc. reported its first loss as a public company Tuesday, surprising analysts with a larger-than-expected fourth- quarter loss of $255.5 million, or $1.81 per diluted share, and the announcement of plans to raise $1 billion through an equity offering. The news sent Legg Mason's stock...
Spot Runner Receives $51 Million in New Funding From Daily Mail and General Trust, Grupo Televisa, Legg Mason Capital Management and Groupe Arnault/LVMH
Spot Runner today announced that globalmedia leaders Daily Mail and General Trust (DMGT) and Grupo Televisa, alongwith renowned institutions Legg Mason Capital Management* and GroupeArnault/LVMH, as well as existing investors have made equity investments inthe company totaling $51 million. "These strategic investments serve as a strong validation of Spot Runner'stechnology-driven...
Fitch Affirms Legg Mason's IDR at 'A'
CHICAGO -- Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Legg Mason (LM) following its announcement that the company intends to issue mandatorily convertible debt. The Rating Outlook remains Negative. Legg Mason Inc. --Long-term IDR at `A'; --Long-term debt at `A'....
Legg Mason Reports Results for Fourth Fiscal Quarter and Fiscal Year Ended March 31, 2008
- Fourth Quarter Loss of $255 Million or $1.81 per Diluted Share - - Net Loss Primarily Driven By Non-Cash Charges to Support Money Market Funds, Reductions in Value of Acquired Wealth Management Contracts - - Assets Under Management of $950 Billion - BALTIMORE,...
Legg Mason Launches $1 Billion Equity Units Offering
BALTIMORE, May 6 /PRNewswire-FirstCall/ -- Legg Mason, Inc. today announced that it plans to offer and sell 20 million equity units, each with a stated amount of $50 for an aggregate stated amount of $1 billion. Legg Mason plans to grant the underwriters for the equity units offering...
LMP Corporate Loan Fund Inc. as of March 31, 2008
NEW YORK -- LMP Corporate Loan Fund Inc. (NYSE: TLI) announces its portfolio composition as of March 31, 2008. Investment Objective: The Fund's investment objective is to maximize current income consistent with prudent efforts to preserve capital. [TABLE OMITTED][TABLE OMITTED] LMP Corporate Loan Fund Inc., a...
Western Asset Emerging Markets Income Fund II Inc. as of March 31, 2007
NEW YORK -- Western Asset Emerging Markets Income Fund II Inc. (NYSE: EDF) announces its portfolio composition as of March 31, 2008. Investment Objective: The Fund seeks high current income. As a secondary objective, the Fund seeks capital appreciation. [TABLE OMITTED][TABLE OMITTED] Western Asset Emerging Markets...
Western Asset Municipal High Income Fund Inc. as of March 31, 2008
NEW YORK -- Western Asset Municipal High Income Fund Inc. (NYSE: MHF) announces its portfolio composition as of March 31, 2008. Investment Objective: The Fund seeks high current income exempt from Federal income taxes. [TABLE OMITTED] * Portfolio holdings and weightings are historical and are presented...
Legg Mason Hosting Conference Call to Discuss Fiscal Fourth Quarter and Year End Operating Results
-- General Public Invited to Participate Via Special Access Line -- BALTIMORE, May 2 /PRNewswire-FirstCall/ -- Legg Mason, Inc. will announce operating results for its fiscal 2008 fourth quarter and year ended March 31, 2008 on Tuesday, May 6, 2008 in a press release that will...
Western Asset High Income Fund Inc. Announces Financial Position as of March 31, 2008
NEW YORK -- Western Asset High Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "HIF," today announced the financial position of the Fund as of March 31, 2008. [TABLE OMITTED] This financial data is unaudited. The Fund files its...
Legg Mason Announces Quarterly Dividend
BALTIMORE, April 29 /PRNewswire-FirstCall/ -- Legg Mason announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock in the amount of $0.24 per share. The dividend is payable July 7, 2008 to shareholders of record on the close of...
LMP Real Estate Income Fund Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK -- LMP Real Estate Income Fund Inc., which is traded on the New York Stock Exchange under the symbol "RIT," announced today the results of the votes cast at the Fund's annual meeting of stockholders held on April 28, 2008. Daniel P. Cronin, Paolo M. Cucchi,...
Western Asset High Income Fund Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK -- Western Asset High Income Fund Inc., which is traded on the New York Stock Exchange under the symbol "HIF," announced today the results of the votes cast at the Fund's annual meeting of stockholders held April 28, 2008. Leslie H. Gelb and Dr. Riordan Roett...
Legg Mason's manager Bill Miller: 'By far the worst is behind us'
The Legg Mason Value Trust fund performed terribly last quarter, manager Bill Miller told investors Wednesday, but said "by far the worst is behind us." Miller, the famed manager whose stock picks beat Standard & Poor's 500 stock index for the first 15 of his 17 years...
Legg Mason Value Trust Letter to Shareholders: First Quarter 2008
BALTIMORE, April 23 /PRNewswire-FirstCall/ -- LEGG MASON VALUE TRUST Investment Commentary First Quarter 2008 Fund Performance Total returns for the Fund for various periods ended March 31, 2008, are presented below, along with those of a comparative index: ...
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- Incorporated: 1981
- CEO: Mr. Mark R. Fetting
Legg Mason is a global asset management company. Through its subsidiaries, Co. provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other investment vehicles. In addition, Co. provides these products and services directly and through various financial intermediaries. As of June 30 2007, Co. divided its business into three operating divisions: Managed Investments; Institutional; and Wealth Management. Within each of its divisions, Co. provides its services through a number of asset managers, each of which is an individual business that generally markets its products and services under its own brand name.
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Legg Mason Inc. Company Info
Board of Directors
Mr. Raymond A. Mason
Non-Executive Chairman
Mr. W. Allen Reed
Mr. Roger W. Schipke
Mr. John E. Koerner III
Ms. Cheryl Gordon Krongard
Mr. James E. Ukrop
Mr. Nicholas J. St. George
Lead Director
Mr. Mark R. Fetting
Mr. Harold L. Adams
Ms. Margaret Milner Richardson
Mr. Kurt L. Schmoke
Mr. Robert E. Angelica
Mr. Dennis R. Beresford
Mr. Edward I. O'Brien
Contact Information
100 Light Street
Baltimore, MD
410 539-0000
