This year has seen an oil price slide, the collapse of the Russian stock market, and a continuation of the rally in core government bond yields. With China’s debt mounting, global growth forecasts cut, and commodities in the doldrums, where should investors look for returns next year? Legg Mason Global Asset Management and its subsidiaries […]
David Hoffman, managing director at Legg Mason subsidiary Brandywine, has outlined expectations for 2014 and his anticipated positioning for the Legg Mason Brandywine Global Fixed Income fund
Brian Hess, portfolio manager of the Legg Mason Brandywine Global Fixed Income fund, sees opportunity in government bonds issued by Mexico and South Africa, but is less convinced of the case for holding Japanese government debt.
Legg Mason’s Brandywine Global Fixed Income Fund has been upgraded from an A to an AA credit rating by Standard & Poor’s.
Legg Mason has launched a fixed income fund in its UK onshore fund range, for Philadelphia based subsidiary Brandywine Global.
Germany and other AAA rated eurozone members could have bailed out Greece for as little as €200bn if they had acted quicker and ignored “moral hazard” principles, says Francis Scotland, director Global Macro Research at Brandywine, a subsidiary of Legg Mason.
Legg Mason is banking on the expertise offered by its multi-boutique business model to unlock the already crowded Italian market.