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Legg Mason's assets under management rise 9 percent

Assets under management at Legg Mason Inc. jumped 9 percent in June, compared with a year earlier, the Baltimore money manager said Friday.

Legg Mason reported $704.3 billion in managed assets, about $60 billion higher than in June 2013.

The company earlier struggled to increase that key measure as clients pulled cash out. But its customers added more than $8 billion to accounts in its last fiscal year, breaking a six-year streak, according to Legg Mason figures in May.

Copyright © 2015, The Baltimore Sun
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