Former star U.S. bond manager Kenneth Leech pleads guilty to obstructing 'cherry-picking' probe

Ken Leech, former co-chief investment officer for Western Asset Management Co., exits federal court in New York, US, on Monday, Dec. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images Kenneth Leech, a former star bond manager at Western Asset Management Co, pleaded guilty on Friday to obstructing a probe into alleged "cherry-picking," the assigning of profitable trades to favored investors and losing trades to other investors. Leech admitted to one count of obstructing a U.S. …