MY ACCOUNT CONTACT US CAREERS SITE HELP ABOUT US RESEARCH INVESTMENT SOLUTIONS OBJECTIVE-DRIVEN INVESTING FUNDS Insurance Asset Management - Research Materials Our Team Approach Global Insurance AUM Customized Solutions Research Materials Employing a client-centric approach to serving the needs of insurance companies. Life • Health • Property & Casualty • Reinsurance • Multi-Line • Other Featured Publication: Insurance Asset Management, North America This Clear Path Analysis report discusses how the nature of insurance asset management is changing as North American insurers strive to cover their liabilities and generate returns in the current low yield environment. Western Asset is a major contributor to the content of this publication. READ THE ABRIDGED REPORT LOG IN TO VIEW THE FULL REPORT [ CLEAR PATH ANALYSIS WEBSITE ] MAY 2015 Market Commentary In our previous note, we discussed the "Alice in Wonderland" nature of negative interest rates. Indeed, the concept of negative-yield, long-dated German bunds struck us as a potentially unfathomable "rabbit hole." Since then, we have seen some extraordinary.... READ MORE FEBUARY 2015 Curiouser and curiouser! ~Lewis Carroll, Alice in Wonderland A value investor is charged with being very explicit in analyzing risk. What are our specific expectations for a security, sector, or strategy, and how does that differ from the market price? READ MORE JANUARY 2015 Fed Outlook for 2015 As the Federal Reserve (Fed) starts the new year, there is one thing conspicuously absent from its communications: quantitative guidance. READ MORE DECEMBER 2014 Managing Risks in Changing Volatility Environments Managing investment risk may seem to be the most difficult when markets move rapidly and volatility is high.In practice, however, it is often low volatility environments that are more challenging.. READ MORE JUNE 2012 Spread Risk and Capital Requirements for Insurers A key component of an insurance company's business is the management of spread risk in its general account investment portfolio. READ MORE DECEMBER 2012 New Solvency Regimes Promote Value Creation for Insurers New and developing solvency regimes require insurers to embed risk analysis and solvency considerations into business decisions at all levels. READ MORE VIEW ADDITIONAL MARKET AND STRATEGY INSIGHTS © 2015 Western Asset Privacy Policy Online Security Policy Your use of this website signifies that you agree to our Terms and Conditions of Use. Morningstar Awards 2014 © Morningstar, Inc. All Rights Reserved. Awarded to Ken Leech, Carl Eichstaedt, and Mark Lindbloom for Western Asset Core Bond Fund (WACSX) and Western Asset Core Plus Bond Fund (WAPSX) named Morningstar 2014 U.S. Fixed Income Manager of the Year, United States of America. Morningstar Awards 2015 © Morningstar, Inc. Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth evaluation by its fund analysts.