Legg Mason posted a "Net Loss Primarily Driven By Non-​Cash Charges to Support Money Market Funds" the company said in a release. The charges included, "previously announced support for money market funds, totaling $​291.​0 million after tax and compensation related adjustments." See also, Bloomberg'​s "​Legg Mason Posts Loss on Costs to Protect Money Funds ".

In other news of interest, WSJ runs "​Thin Yields Weigh on Investors", "Hedge-​Fund Portfolios Stockpile Cash," and "Regulator Sues Failed Sentinel Money Manager." Also, more on Threadneedle (​U.​K.) in "​Threadneedle fund is hurt by crunch".

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