Legg Mason Inc., a Baltimore-based global asset management firm, announced that it has created a new registered investment adviser firm, Legg Mason Private Portfolio Group LLC. The new company will manage Legg Mason?s Separately Managed Account platform that was acquired during the Citigroup Asset Management acquisition in 2005. Other services the group will perform include overlay portfolio management, client management, transaction execution, private client services and account rebalancing. Legg Mason now has $945 billion in assets under its supervision.
