Legg Mason Inc. reported a $76.3 million profit in the fourth quarter, driven by higher assets under management and more revenue from performance fees.
The Baltimore money manager, two years removed from reporting a $45 million loss in the fourth quarter, saw its profit rise half a percentage point compared to a $75.9 million profit in the year-ago quarter. Legg Mason's earnings rose to 86 cents per share, compared to 76 cents per share the prior year. This was the end of Legg Mason's fiscal year…
