Products April 18, 2011
Western Asset/Claymore Funds Announce Manager Change
April 18, 2011 (PLANSPONSOR.com) - Western Asset/Claymore Inflation-Linked Securities & Income Fund (NYSE: WIA) and Western Asset/Claymore Inflation-Linked Opportunities & Income Fund (NYSE: WIW) have announced a portfolio manager change.
Reported by Rebecca Moore
According to a statement, as of May 1, CIO Emeritus, S. Kenneth Leech will no longer serve as a portfolio manager for non-global portfolios, including the two funds. The statement explained that while Leech continues to help shape Western Asset’s overall investment strategy, his day-to-day role is becoming more concentrated on global portfolios. 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.« Survey Finds Employers’ Benefits Communication Efforts Lacking