- Adjusted income of $158.5M or $1.45 per share vs. $113.1M and $0.98 one year ago.
- AUM of $671.5B slips from $672.1B a quarter earlier despite $6.8B from the RARE Infrastructure purchase and $6.4B of positive market performance. There were liquidity outflows of $10.9B, long-term outflows of $2.4B, and $500M of in negative foreign exchange.
- In other company news, Legg Mason (NYSE:LM) agrees to combine Permal (its hedge fund platform) with EnTrust Capital - a hedge fund investor and alternative asset manager with about $12B in AUM.
- The company also gets into ETFs with the purchase of a minority stake in Precidian Investments.
- Finally, there's the purchase of a majority stake in Clarion Partners for $585M. Clarion is a real estate investor, managing about $40B.
- Conference call at 8:30 ET
- Previously: Legg Mason EPS of $1.45 (Jan. 22)
- LM flat premarket