Short takes: Legg Mason Adding To Its Bank Offerings

BALTIMORE - Legg Mason Wood Walker Inc., a regional brokerage firm here that manages its own mutual funds, is adding to the menu of portfolios it offers bank trust departments.

Legg Mason said it will begin offering by the end of the year 12 new portfolios of a fund family it manages called Navigator Class.

The funds are being distributed by The Fairfield Group, a Horsham, Pa.- based subsidiary that Legg Mason acquired two years ago. Fairfield serves as a distributor and adviser of institutional funds designed for bank trust departments.

Fairfield will offer the funds without sales charges or 12b-1 fees.

Compiled by Howard Kapiloff and Katharine Fraser

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