The US fund house’s chief executive, Joseph Sullivan, spoke to AsianInvestor about his global ambitions for the firm, with a focus on Asia, most notably China.
The $24 billion fund of hedge funds firm is optimistic on Japan and China, and favours emerging market debt over EM equity, says its chief executive.
Launch of China office to follow merger with fellow fund of hedge fund Fauchier, underlining a growing emphasis on the country’s nascent hedge fund market.
Fund-of-hedge-fund consolidation continues, with Permal to gain Australian and Japanese pension investors from UK-based peer Fauchier.
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.