Western Asset chief keen to see rising US rates

Fixed-income specialist Western Asset Management is keen to see a rise in US interest rates, its chief executive told AsianInvestor. But with rates on a downward path in Asia, he predicts that unconstrained products are set to attract most of the inflows in the fixed-income space. And months after Pimco was thrown into turmoil with the departure of veteran CIO Bill Gross, Western’s chief admits that his firm has seen “significant” flows coming from the rival firm’s former custom…