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Permal merger to create $24 billion FoHF

Yvonne Chan
Fund-of-hedge-fund consolidation continues, with Permal to gain Australian and Japanese pension investors from UK-based peer Fauchier.
Permal merger to create $24 billion FoHF

Permal is merging with smaller UK fund-of-hedge-fund peer Fauchier – majority-owned by BNP Paribas Investment Partners – effectively creating one of the world’s biggest FoHFs with about $24 billion in assets.

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