Legg Mason is on the lookout for asset manager sales, CEO Mark Fetting told Swiss newspaper Finanz und Wirtschaft. Reuters reports Fetting said that Legg has $2.7 billion in liquid funds, $1.5 billion of which Legg does not need for current operations. "The environment is very interesting. Asset managers are cheaper than before," Fetting told the paper.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE