Legg Mason [profile] could see some reductions in both fund offerings and office space, according to a Reuters report.

The firm's executives don't expect to see a full-scale cost cutting moves like happened in 2010, wrote Reuters reporter Ross Kerber.

That round of cuts saw Legg Mason's employee force cut from 1,800 to 1,000.

The Baltimore-based firm is looking to ""decrease the complexity of our fund complex," CFO Pete Nachtwey said at a conference this week.

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