Wamco Key Bond Fund Falls Below $10 Billion as Investors Flee

By Yahoo! Finance | Nov 4, 2024 at 09:46 AM EST

Western Asset Management Co.'s core plus bond fund has seen a significant decrease in assets due to investor redemptions following a federal investigation of a key trader. The firm's assets have dropped to $9.96 billion, leading to concerns and a decline in performance compared to peers.

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