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Legg Mason Fourth Quarter Earnings Call |
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Author: Albena Toncheva
123jump.com
Last Update: 9:30 AM EDT June 14 2007
The leading asset management company reported revenue of $1.14 billion compared to $1.05 billion in the prior year quarter, on higher recurring advisory revenues. During the quarter, all three divisions experienced increased assets under management, with the Managed Investments division having the strongest growth in assets, primarily driven by liquidity fund flows. Total assets under management grew to a record $968.5 billion, up $23.7 billion from $944.8 billion at December 31, 2006. |
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