Wamco’s Longtime Bond King Thrust Into Spotlight He Shunned
- Ken Leech takes leave of absence amid SEC, DOJ investigations
- A key fund that he helped manage has struggled in recent years
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For three decades, Ken Leech was the other Bond King, the quiet one.
While investors hung on every word of other California bond bigwigs such as Bill Gross, Leech shunned the limelight to help build Western Asset Management Co. into one of the world’s most formidable fixed-income shops, rivaling the likes of Pacific Investment Management Co. and BlackRock Inc.