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BALTIMORE, June 10, 2016 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $717.8 billion as of May 31, 2016. This month's AUM included fixed income inflows of approximately $4.4 billion, which included the previously announced fundings at Western Asset. Equity outflows were approximately $0.9 billion and alternative1 outflows were approximately $0.3 billion. Liquidity inflows were $0.9 billion and this month's AUM included a negative foreign exchange impact of approximately $3.6 billion. May AUM included approximately $9.6 billion 2 in AUM related to the EnTrust Capital acquisition, which closed on May 2, 2016.
LEGG MASON, INC. AND SUBSIDIARIES | |||||||||||||||||
(Amounts in billions) | |||||||||||||||||
(Unaudited) | |||||||||||||||||
Assets Under Management | |||||||||||||||||
Preliminary | |||||||||||||||||
By asset class: | May 2016 | April 2016 | March 2016 | December 2015 | September 2015 | June 2015 | |||||||||||
Equity | $ | 162.9 | $ | 162.7 | $ | 162.3 | $ | 167.3 | $ | 164.8 | $ | 183.8 | |||||
Fixed Income | 375.7 | 375.3 | 372.3 | 364.8 | 363.1 | 366.5 | |||||||||||
Alternative | 72.6 | 63.3 | 22.7 | 24.1 | 18.1 | 19.2 | |||||||||||
Long-Term Assets | $ | 611.2 | $ | 601.3 | $ | 557.3 | $ | 556.2 | $ | 546.0 | $ | 569.5 | |||||
Liquidity | 106.6 | 105.8 | 112.3 | 115.3 | 126.1 | 129.7 | |||||||||||
Total | $ | 717.8 | $ | 707.1 | $ | 669.6 | $ | 671.5 | $ | 672.1 | $ | 699.2 |
About Legg Mason
Legg Mason is a global asset management firm with $718 billion in assets under management as of May 31, 2016. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).
1 Alternative assets include all AUM managed by Clarion Partners, EnTrustPermal, RARE Infrastructure and Permal Capital Management |
2 EnTrust Capital AUM excludes approximately $2 billion in committed but uncalled capital |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/legg-mason-reports-assets-under-management-and-flows-for-may-2016-300282717.html
SOURCE Legg Mason, Inc.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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