After a two month, five percent up-swing in Legg Mason
's AUM, Mark Fetting
is still on the prowl. In the Wall Street Journal
's "Fund Track" column, Daisy Maxey reports
that the Legg Mason CEO "continues to be focused on merger and acquisition opportunities." Fetting and former fund superstar Bill Miller
also implied that Miller himself is sticking around for a while, despite the 55 percent loss his Value Trust
suffered last year.
"He's been with us most of his career, and we both look forward to that continuing throughout his career," Fetting told the WSJ.
"I have been with Legg Mason for 27 years," echoed Miller, "and I expect to finish my career here."
Legg Mason's AUM rose from $656.9 billion on June 30 to $693 billion on August 31, despite net outflows.
Neil Anderson, Managing Editor
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