Kaplan Fox & Kilsheimer LLP is Investigating Western Asset Macro Opportunities Fund for Potential Securities Law Violations

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If you invested in the Macro Opportunities Fund and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On August 21, 2024, a press release issued by Western Asset Management Company (“Western Asset”) disclosed that the co-Chief Investment Officer of Western Asset, Ken Leech, “recently received a Wells Notice from the Staff of the U.S. Securities and Exchange Commission, and is on a leave of absence to focus on this matter.”  Western Asset’s press release also states that “in light of Mr. Leech’s leave of absence, [Western Asset] has determined that closing its Macro Opportunities strategy (approximately $2.0 billion in AUM as of 7/31/24) is in clients’ best interests.” According to an August 21, 2024 Bloomberg article, “Federal prosecutors in New York are conducting a criminal probe into the practice known as ‘cherry picking,’ where winning trades are credited to favored accounts, according to people familiar with the matter.”

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If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com