Legg Mason has closed its Western Asset Global Credit Absolute Return fund after a 78% stakeholder withdrew their holdings.
Following the client withdrawal of $21m on 21 March, the fund's assets under management dropped to $4.2m. A spokesperson for Legg Mason said its investment team considered the fund non-viable following...
Tavistock plans fundraising
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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