Legg Mason provides investment management services for institutional and individual investors. The firm had $730.8 billion in managed assets at the end of March, spread among its equity (23% of total AUM), fixed-income (57%), alternatives (10%), and money market (10%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 55% of managed assets. Other major affiliates include ClearBridge Investments (close to 20% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.
Baltimore, MD, 21202-1099