Legg Mason Reports $3.9 Billion Of Long-Term Net Outflows


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of Legg Mason Inc (NYSE: LM) hit a new 52-week low of $33.59 on Wednesday after the company reported its December 2015 assets under management.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Legg Mason noted that its preliminary assets under management of $671.5 billion as of the end of December includes preliminary long-term net outflows of $3.9 billion. The company added that the breakdown consisted of fixed income outflows of $1.5 billion and equity outflows of $2.4 billion.

Legg Mason also stated that its liquidity outflows were $8.7 billion and its December's assets under management figure included a positive impact of $0.4 billion from foreign exchange rates.

Posted In: NewsIntraday UpdateMoversAsset Managersassets under managementLegg Mason