Dipankar Shewaram has stepped down as Legg Mason’s absolute return fund manager, Financial Times reports. The former head of non U.S. credit at Western Asset Management quit to pursue other opportunities. The Legg Mason Western Asset Global Credit Absolute Return fund will now be managed by Mike Buchanan, head of global credit, and Prashant Chandran, global head of derivatives. The duo will take over the responsibility of the $156.2 million portfolio with immediate effect.
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