Stephen Walsh News
-
Western Asset Management Co., the $462 billion bond unit of Legg Mason Inc., said S. Kenneth Leech will become chief investment officer next year to succeed Stephen Walsh, who will retire.
-
Stephen Walsh, chief investment officer at Western Asset Management Co., the Pasadena, California-based bond unit of Legg Mason Inc., comments on the impact of the U.S. credit rating downgrade on the firm’s money- market and bond funds.
-
The former wife of Stephen Walsh, the WG Trading Co. money manager indicted two years ago on charges of conspiring to defraud investors of $554 million, won dismissal of a U.S. freeze on her assets.
-
Legg Mason Inc . used a double-barrel approach of betting on Greek debt and against the euro to emerge from Europe’s April financial crisis with a profit.
-
Western Asset Management Co.’s main fund is rebounding after trailing rivals in 2007 and 2008, beating similar strategies from BlackRock Inc. and Pacific Investment Management Co. for the third straight year. The bond manager’s next challenge is to reverse withdrawals.
-
Bill Gross, manager of the world’s biggest bond mutual fund, said Standard & Poor’s showed “spine” by cutting the U.S. debt rating, contradicting Warren Buffett and Legg Mason Inc.’s Bill Miller, who said the rating company erred.
-
BlackRock Inc., Franklin Templeton Investments, Loomis Sayles & Co., Pacific Investment Management Co. and Western Asset Management said the U.S. faces losing its top-level debt rating as officials struggle to raise the $14.3 trillion borrowing limit and reduce spending.
-
Billionaire Warren Buffett said Standard & Poor’s erred when it lowered the U.S. credit rating and reiterated his view that the economy will avoid its second recession in three years.
-
Las Vegas’s credit outlook was lowered to negative from stable on $561.2 million of debt by Fitch Ratings, which cited budget deficits and the lingering housing crisis.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page