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Legg Mason Overstated Funds Performance
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| NEW YORK (Reuters) - Securities firm Legg Mason Inc. (LM.N: Quote, Profile, Research) on Friday said the quarterly market performance of its asset management division was worse than it reported last month because it had understated the amount of new funds |
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| Updated |
Aug 7, 2004 00:07:02 |
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 16 ( -2 -12.5% ) | | Author | Reuters |
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| Similar news: | - Legg Mason understated asset flows - NEW YORK (Reuters) - Securities firm Legg Mason Inc. said Friday it understated investment flows in its asset management division last month, causing the company incorrectly to report market appreciation of its funds.
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