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Rating:Legg Mason's Fetting Feels 'Encouraged' By Alternatives and Fixed Income Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, March 08, 2012

Legg Mason's Fetting Feels 'Encouraged' By Alternatives and Fixed Income

News summary by MFWire's editors

Mark Fetting is "encouraged" by Legg Mason's [profile] numbers. Yesterday, in a Citigroup-sponsored investor conference in New York that was also broadcast via the web, the mutual fund firm's CEO offered investors a sneak preview of Legg Mason's February numbers due out next week.

Reuters reported on Fetting's remarks.

"Overall we remain encouraged by what we're seeing, particularly on the fixed-income and alternatives space," Fetting reportedly said.

Legg Mason boasted a total of $631.3 billion of assets under management as of Jan. 31, including $357.6 billion in fixed-income assets. 

Edited by: HFD


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