The Enron scandal is an isolated situation and does not reflect the rest of corporate America or E...
The Enron scandal is an isolated situation and does not reflect the rest of corporate America or Europe, according to Simon Chester, portfolio manager at LeggMason sister company Western Asset Management. Speaking at the Investment Week Forum in London, he said: 'Enron is a bad situation but it is not a fundamental problem for the sector. The corporate bond market will stabilise and return to calm as the risk starts to fade away.' Energy trader Enron, once the seventh-largest company by market value in the US, filed the biggest US bankruptcy in December last year, amid disclosures t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes