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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