Western Asset Income Fund and Western Asset Premier Bond Fund Announce Portfolio Manager Change
15 Aprile 2011 - 2:00PM
Business Wire
Western Asset Income Fund (NYSE: PAI) and Western Asset Premier
Bond Fund (NYSE: WEA), which are advised by Western Asset
Management Company, a subsidiary of Legg Mason, Inc., today issued
the following statement:
In his role as CIO Emeritus, S. Kenneth Leech plays an active,
hands-on role in determining Western Asset’s investment philosophy
and strategy, working closely with CIO Stephen A. Walsh and serving
on various investment strategy committees.
As part of a planned and strategic evolution, Mr. Leech has
gradually focused more of his time on the global investment
marketplace and on managing global portfolios, while continuing to
play a lead role in shaping Western Asset’s overall investment
strategies and macro themes.
In light of his changing role and expected further concentration
on global accounts, as of May 1, Mr. Leech will no longer serve as
a portfolio manager for non-global portfolios, including non-global
closed-end funds. While Mr. 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, Mr. Walsh will remain listed as part of the portfolio
management team on all funds.
Contact the Funds at 1-888-777-0102 for more information, or
consult the Funds’ web site at www.leggmason.com/cef.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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