Legg Mason BW Global Income Opptys Fund (NYSE:BWG), saw an insider raise his positioning with the company. Portfolio Manager, David F. Hoffman, bought 4,050 shares at an average price of $17.98 per share. After this transaction, Hoffman now directly holds 4,050 shares in the company.
Legg Mason BW Global Income Opptys Fund (NYSE:BWG), the $383.18 million market cap corporation is a non-diversified, closed-end management investment company that seeks to provide current income as a primary objective. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its assets in global fixed-income securities.
In addition, there is one major hedge fund involved with Legg Mason BW Global Income Opptys Fund (NYSE:BWG). Saba Capital, the hedge fund run by Boaz Weinstein, altered it’s exposure to the company last quarter, as it reported an 87% gain in activity, now holding 602,987 shares worth about $10.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.