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...
The US dollar is close to peaking and the risks now seem to be on the downside.
Latest news and analysis
Fallout from Haywood suspension
Songs from writers Johntá Austin, Sean Garrett and Rico Love
Strategic public equity