Legg Mason may trim number of offices, close funds

Legg Mason Inc. may look to shut some of its offices and close or consolidate some of its more than 400 funds, the company’s chief financial officer said at an industry conference Tuesday.

The Baltimore money manager is taking a comprehensive look at its operations as part of an initiative Legg Mason has dubbed “Compete to Win,” Legg CFO Peter Nachtwey said in a presentation at the Citi US Financial Services conference in Boston.

Nachtwey said any changes would not be on as big a scale as…