Look out, world: Legg Mason [profile] has some cash and it isn't afraid to use it.

The Baltimore-based shop has $1 billion for acquisitions, according to a Wall Street Journal report.

As CFO Pete Nachtwey put it at a conference this week, Legg has "quite a bit of dry powder.”

Legg Mason bought Fauchier Partners in December, its first deal in seven years.

For more details, check out the original article here. 

Edited by: Ben Geier


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