Legg Mason (LM) Reports Decline in May 2012 AUM

Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $627 billion as of May 31, 2012. This month's AUM reflects the previously disclosed transfer of $1.9 billion of liquidity assets to Morgan Stanley Smith Barney.

Legg Mason reported total May 2012 AUM of $627.4 billion compared to April 2012 at $639.3 billion

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