Tuesday, July 9, 2013

Is Legg Mason Finally Back From the Lost Decade?


As the financial markets rebound, asset manager Legg Mason (NYSE: LM) would appear a strong candidate for a rebounding stock. As investors shift more funds into equity funds that collect higher fees, the general asset management category should see fee growth.

The company widely benefited from the equity market rally of the 1990s as the lead mutual fund saw huge inflows from beating the market for 15 consecutive years from more »


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