From Morningstar: 2024-09-30 13:22:00

Lukas Strobl: Western Asset faced turmoil with the sudden departure of co-CIO Ken Leech and an SEC Wells notice. Analyst Shannon Kirwin highlighted $13 billion in outflows, mostly from flagship strategies managed by Leech. Post review, 10 funds maintained ratings, while three saw downgrades due to Leech’s exit. Notably, the Macro Opportunities fund will be liquidated. Kirwin remains cautiously optimistic about the future amid ongoing developments.



Read more at Morningstar: Western Asset Funds Downgraded Upon Manager Exit