Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $763.1 billion as of Apr 30, 2020. This month's AUM included long-term net outflows of $1.4 billion, driven by fixed income net outflows of $2.5 billion, partially offset by equity net inflows of $0.9 billion and alternative net inflows of $0.2 billion. AUM also included liquidity net inflows of $2.0 billion and positive foreign exchange of $1.5 billion.

Portfolio manager Bill Miller has had his share of ups and downs over the years. When he was at Legg Mason, Miller was a rock star, beating the S&P 500 index 15 years in a row from 1991 to 2006 with his Legg Mason Value Trust fund. In 2017, Miller spun off from Legg Mason to create Miller Value Partners and is now running the Miller Opportunity Trust, formerly the Legg Mason Opportunity Trust, which had beaten the S&P 500 since inception in 2009 through 2019.

Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management (AUM) of $730.8 billion as of Mar 31, 2020. This month's AUM included long-term net outflows of $13.7 billion, driven by fixed income net outflows of $11.6 billion and equity net outflows of $2.6 billion, partially offset by alternative net inflows of $0.5 billion. Realizations were $0.1 billion. AUM also included liquidity net inflows of $13.0 billion and negative foreign exchange of $3.4 billion.

ATCO vs. LM: Which Stock Is the Better Value Option?

Welcome to the Franklin Resources earnings conference call for the quarter ended March 31, 2020. Statements made in this conference call regarding Franklin Resources, Inc., which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. At this time, I would like to turn the call over to Franklin Resources' President and CEO, Jenny Johnson.

Legg Mason's (LM) AUM of $763.1 billion for April 2020 grows 4.4% from the prior month's net inflows and positive foreign-exchange impact.

Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders:

Smart Beta ETF report for LVHD

There are still more hurdles Franklin Resources needs to overcome before its acquisition of Legg Mason is complete, but the Federal Trade Commission has granted its approval.

Legg Mason (LM) shareholders approve the merger with Franklin Resources (BEN), announced this February.

Legg Mason's (LM) fiscal Q4 results are expected to reflect lower assets under management, partially offset by controlled expenses.

Legg Mason, Inc. (NYSE: LM) announced that its shareholders have voted to approve its proposal to merge with Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton.

Guru’s top trades feature 2 sells that outweigh the buys Continue reading...

Miles Lewis, CFA, is joining Royce Investment Partners ("Royce") as Portfolio Manager on Royce Total Return and Dividend Value Funds. Prior to coming to the firm, he was a portfolio manager (2014-2020) and investment analyst (2010-2014) for the well-respected Small-Cap Value Fund and Strategy at American Century Investments.

Legg Mason's (LM) fourth-quarter fiscal 2020 (ended Mar 31) earnings reflect higher revenues, reduced expenses and a fall in assets under management (AUM).

NEW YORK, NY / ACCESSWIRE / April 30, 2020 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against Legg Mason, Inc. (NYSE: LM) in connection with the proposed sale of Legg Mason to Franklin Resources, Inc. for $50.00 per share. The lawsuit seeks damages and/or equitable relief on behalf of Legg Mason shareholders under the federal securities laws.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-02941 on behalf of shareholders of Legg Mason, Inc. ("Legg Mason" or the "Company") (NYSE:LM) who have been harmed by Legg Mason's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Franklin Resources, Inc. (the "Proposed Transaction").

One public company based in Greater Baltimore raised its stock price during a tumultuous first quarter for the financial markets. Baltimore-based Legg Mason Inc. saw its stock price increase 35% to $48.

A volatile market has sparked interest in active management, and new rules have made actively managed ETFs easier to launch. What to watch for as big firms roll out new products.