Tuesday, 23 September 2014
Last updated 3 hours ago
May 3 2012 | 11:24am ET
Max Osborne, who left the Permal Group for SkyBridge Capital in 2010, has returned to the fold—the third Permal vet to do so in the past few months.
Osborne, who reports to Permal’s head of U.S. institutional business Shane Clifford, has been named senior vice president and head of U.S. domestic distribution. Domestic distribution had been his area during his previous stint at Permal, with a focus on traditional LP structured funds and distribution via direct purchase and broker dealer networks. It was also his focus at SkyBridge.
Osborne’s appointment comes just after the February launch of the Permal Hedge Strategies Fund, a fixed income multimanager fund.
Said Clifford: “To have Max back on board is excellent news and he brings a great record from his time at SkyBridge. This is an entirely new role that is designed to develop and build-out our U.S. retail business, with further hires expected over the coming months.”
Osborne is the third senior Permal alumnus to return to the firm in the past few months: Dubai-based Ahmed Nashaat recently returned to advise on the Middle East and North Africa Region and New York-based Richard Cordsen is back as executive vice president, business development.
The Permal Group manages approximately $20 billion, with offices in nine international financial centers, including New York, London, Dubai, Singapore, Hong Kong and Tokyo.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.