Groupe Legg Mason, Inc.

Western Asset Brazil seeks to add value to client portfolios while adhering to a disciplined risk control process. The firm offers a full range of fixed income, equity and balanced products. While its general philosophy and approach is similar for all products, specific analysis and strategies will vary based on the product. Their investment philosophy combines traditional analysis with innovative technology applied to all sectors of the market. Issue selection is a bottom-up process that seeks to determine mispriced or undervalued securities.

Functions as an investment holding company

Issues Asset-backed/Mortgage-backed/Structured Finance securities

Western Asset UK is an active, fundamental, value-oriented manager which specializes in providing fixed-income clients with tightly controlled, diversified long-term portfolios. They combine traditional analysis with innovative technology, seeking to add value by exploiting these inefficiencies across eligible sectors. The firm utilizes multiple investment strategies, including active sector and issuer selection, believing that these strategies enhance value by limiting the ability of any one strategy’s underperformance from significantly impacting returns.

Acts as Open-End Investment Fund/Unit Trust

Issues Asset-backed/Mortgage-backed/Structured Finance securities

Acts as Hedge Fund

Acts as Open-End Investment Fund/Unit Trust