Legg Mason’s Zelouf to present on unconstrained bonds in Milan
Mike Zelouf, head of Western Asset European Business at Legg Mason, will join InvestmentEurope‘s Fund Selector Forum in Milan to discuss the potential of unconstrained bond management beyond beta rotation.
“In a rising interest rate environment, attack could be the best form of defence for investors. The Legg Mason Western Asset Macro Opportunities Bond Fund bears little resemblance to most cautious-by-nature fixed income funds. It uses a high conviction strategy to maximise performance, but with a clear risk target in mind. It is therefore not for conservative investors,” the company argues.
In his presentation, Mike Zelouf will be explaining how the fund can use duration as either a hedge to risk assets or as a valuable source of alpha. In volatile conditions for the asset class in general, such an active approach could give this Fund a significant advantage.
Mike Zelouf is head of the Western Asset’s European Business and responsible for the client portfolio management of the Macro Opportunities Bond Fund. He joined Western Asset in 1996 and has 29 years of experience. He is a Chartered Financial Analyst.