Saturday, 28 November 2015
Last updated 7 hours ago
Jan 9 2013 | 12:04pm ET
Permal Group will open an office in Shanghai this year as it seeks to ramp up its access to Chinese hedge fund managers.
The fund of hedge funds, which recently agreed to acquire Fauchier Partners, is awaiting regulatory approvals for the new base, which would house both portfolio managers and analysts, including some relocated from London and New York. Eventually, Permal envisions moving the center of its Asian activities—currently Singapore—to Shanghai.
The new office will be led by Steve Zhang, currently based in Singapore, who serves as head of emerging markets and manager of Permal's China Strategy Fund.
"We've got a Chinese fund that's been up and running for three years and which has performed really well," Permal CEO Isaac Souede told Asian Investor. "We want to be closer to the action. And from there we can cover Hong Kong readily. It's harder to cover China from Hong Kong."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…