Joseph Filicetti, director of Strategy for the Legg Mason Western Asset Macro Opportunities Fund, presents the fund's unconstrained approach at InvestmentEurope's Fund Selector Bond Focus event in Milan.
Joseph Filicetti, director of Strategy for the Legg Mason Western Asset Macro Opportunities Fund, presents the fund’s unconstrained approach at InvestmentEurope’s Fund Selector Bond Focus event in Milan.
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.
In his presentation, Prashant Chandran 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.
Joseph A. Filicetti joined Western Asset in 2010 as a product manager. Previously, he served for eight years as President and CEO at Scalae Management, LLC, and for two years as President and Co-CEO at Prudential Securities Futures Management, Inc. Filicetti was director of Client Services at CDC Ixis Asset Management, as well as at Rotella Capital Management. He was a proprietary trader and sales trader for Merrill Lynch Government Securities and Lehman Brothers, respectively.