Hints and tips:
...LGC won the case but over the next two years about 80 more key employees moved to SKI. When LGC looked into the computers of some who had left, alarm bells rang....
...Mr Merz previously worked for Permal, the London-based alternatives manager....
...• Busy times at Permal, with three new arrivals at the $21bn alternatives asset manager....
...● Permal Group has hired Richard Cordsen as executive vice-president of business development and investment advisory....
...There are also hybrid investment approaches, such as the short-term private equity strategy employed by Permal in Brazil....
...“What has been driving performance is the flight-to-quality trade – also known as the risk-aversion trade,” said Omar Kodmani, president of the Permal Group, which has $21bn invested in hedge funds....
...Let’s start with investments with BNP Paribas: Credit Suisse: And Permal (brokered by Société Générale): Note the heavy emphasis throughout on fees taking a large share of losses....
...The $65bn Libyan Investment Authority gave scathing judgments on portfolios run by France’s BNP Paribas, Credit Suisse and the Permal fund of hedge funds, according to an internal document produced last...
...“The right move was to hold positions and the outcome is that March proved barely a blip,” says Omar Kodmani, senior executive officer at fund of hedge funds Permal....
...Mr Langlois joins from Permal Group. ● Andy Clack has moved from Northern Trust Global Investments to Legal & General Investment Management as head of Middle East in the distribution team. ● Philippe Broadhead...
...Strategic Investments Group is to launch a Ucits III manager of managers fund, investing in separately managed accounts run by hedge fund managers selected by Permal....
...Legg Mason Capital Management, home to the legendary Bill Miller; value investor Brandywine Global Investment Management; fixed income specialist Western Asset Management; and hedge funds of funds group Permal...
...“Our reading on September was that it has definitely been a catch-up month,” said Omar Kodmani, senior executive officer at Permal Investment Services, one of the world’s largest hedge fund investors....
...Chris Busby, partner at Bridgepoint, said LGC planned to acquire some of its smaller competitors....
...Initial bids for LGC were made in December and further bids are due to be submitted next month. KPMG is running the auction. All parties declined to comment on the bids....
...As Permal Capital says, 3-5 per cent of primary fundraising is sold on the secondary market within four to six years....
...This is the sector’s “impossible trinity”, according to Andrew Rozanov of alternative asset manager Permal Group, who coined the term sovereign wealth fund....
...The Legg Mason Partners Permal Tactical Allocation fund – which is sponsored by Legg Mason and advised by Permal – also has comparatively low fees, and no performance fee....
...Private-equity group Abraaj Capital last year hired Ahmed Nashaat from Permal to manage a hedge fund....
...HSBC, Collins Stewart Fund Management, Switzerland’s 3A, Permal Group, and Kairos Partners of Milan have launched funds of Newcits in recent months....
...The Legg Mason Permal Global Absolute Fund will target an annual return of 8 to 10 per cent over a market cycle....
...He predicts Permal will be among the survivors....
...Several hedge fund specialists, including New York-based Permal, have set up, or are planning, funds to snap up secondhand stakes at a discount....
...Permal Investment Management, the hedge fund investment division of Legg Mason, is aiming to raise up to $500m for the first dedicated vehicle to take advantage of a boom in distressed sales of hedge fund...
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