Wamco Emerging-Market Team Exits for Jackson Financial’s PPM
- Bond giant has been under siege amid Ken Leech charges
- Clients yanked roughly $68 billion from Wamco in recent months
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Four veteran Western Asset Management Co. emerging-market debt investors exited for Jackson Financial Inc.’s PPM America, as fallout continues for the bond giant after its star trader was charged with criminal fraud.
Team co-heads and portfolio managers Mark Hughes and Kevin Ritter, both senior managing directors, are joined by Matthew Graves, a managing director and portfolio manager analyst, and Kevin Zhang, a vice president and analyst, PPM said in a statement Monday.