The IMF Executive Board concluded the Review of the Fund’s Transparency and Open Archive Policies and approved reforms to improve their design and implementation to better adapt the policies to the current shock-prone world and fast-moving media environment. Key reforms under the Transparency Policy include steps to reinforce the policy’s […]
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SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud
Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively November 25, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against Stephen Kenneth (“Ken”) Leech, the former co-chief investment officer (CIO) of registered investment […]
Coronation Fixed Income and Exchange Rate Update
November 25, 2024/Coronation Research Summary Market liquidity closed negative at N321.5bn on Friday (22 Nov ‘24). Call, overnight, and repo rates closed within a range of 7.1% – 32.8%. In the secondary market, the average Treasury bill (T-bill) yield declined by 12bps to close at 24.0% p.a. At the primary […]
