Products April 18, 2011
Western Asset/Claymore Funds Announce Manager Change
CIO Emeritus, S.
Kenneth Leech, will no longer serve as portfolio manager for non-global
portfolios.
Reported by PLANADVISER staff
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.