The firm already has three other feeders in Brazil, but the new fund, to be launched in November, is its first with a foreign-exchange hedge," says BNP's Luiz Felipe Santos.
Western Asset preps global-equity feeder allocating to sister firm ClearBridge Investments
September 7, 2016 by
The feeder fund will hit the ground running with BRL 35 million (USD 11 million) raised from Brazilian pension funds, said Marc Forster, executive director at Western Asset Mgt. in Sao Paulo.
