CEO Mark Fetting says the global fund management company wants to acquire alternative capabilities to complement the group’s Permal business.
The fund-of-hedge-funds firm appoints Yale professor Zhiwu Chen and ex-ING executive Matthew Yao to senior roles and may double allocations to Asia to target regional growth.
Brenda Tse of Permal predicts that macro will be the leading hedge fund strategy for next year.
This has been a tricky year for funds of hedge funds, but a few are doing okay in the circumstances.
Isaac Souede, chairman of $20 billion fund of hedge funds Permal, says China does not respect the euro and that an American double-dip recession would spark protectionism in ...
Which strategies do fund-of-hedge-fund managers fancy for the year of the tiger?
Mark Fetting has revamped the corporate structure, boosted risk management, and is now looking how to grow Legg Mason, including acquisitions in emerging-market equities.
Four of Permal’s funds of hedge funds will offer a Singapore dollar-denominated share class in an attempt to meet the demand from investors who have a positive view on Asian ...
ABN AMRO veteran Bo Kratz takes on a new position at the fund-of-hedge-funds provider in Hong Kong.
The fund-of-hedge-funds giant can now approach the retail market directly.