Legg Mason, Inc. is a global asset management company, which provides investment management and related services to institutional and individual clients, company sponsored mutual funds and other pooled investment vehicles through financial intermediaries. The company's investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income and equity funds, other domestic and offshore funds offered to both retail and institutional investors and funds-of-hedge funds. It conducts business through asset managers which provide separate account investment management services to institutional clients, including pension and other retirement plans, corporations, insurance companies, endowments and foundations and governments, and to high net worth individuals and families and also sponsor and manage various groups of mutual funds. Legg Mason was founded in 1981 and is headquartered in Baltimore, MD.