Legg Mason

Legg Mason

Legg Mason, Inc. (NYSE: LM) is an American-based global investment management firm with a focus on asset management. The company's business is divided in two divisions: Americas and International. Legg Mason offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments (via a funds-of-hedge-funds manager).

Founded in 1899 as a brokerage firm in Baltimore, Maryland, Legg Mason has since become the 18th largest asset manager in the world, serving individual and institutional investors on five continents. As of September 30, 2012, Legg Mason's assets under management aggregated to $651 billion.

Legg Mason operates using a multi-manager business model : each of the company’s subsidiaries, which form a diverse group of asset managers, specializes in a segment of the asset management industry and operates with investment autonomy. Legg Mason provides global distribution and invests in growth through core strategic services including capital allocation for product development, investing in our existing affiliates and making new acquisitions.

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