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Rating:Fetting Hunts For Deals for Legg Mason Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 18, 2009

Fetting Hunts For Deals for Legg Mason

News summary by MFWire's editors

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. 

Edited by: Neil Anderson, Managing Editor


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