Western Asset/Claymore Funds Announce Manager Change

CIO Emeritus, S. Kenneth Leech, will no longer serve as portfolio manager for non-global portfolios.

The two funds, Western Asset/Claymore Inflation-Linked Securities & Income Fund (NYSE: WIA) and Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE: WIW) will no longer be managed by Leech as of May 1.

While Leech will continue to help shape Western Asset’s overall investment strategy, his day-to-day role will be more concentrated on global portfolios, the company said. To reflect this global focus, he will continue to serve as a portfolio manager of the global funds, but not of the non-global funds.   

As CIO, Stephen A. Walsh will remain listed as part of the portfolio management team of the funds, and the remaining named Portfolio Managers of the funds will continue in their respective roles.