Permal tech fund's tactics see 16.2% gain

Tue Jul 1, 2003



Like a quarterback looking to make a winning pass into the end zone, the portfolio team behind the Permal Media & Technology Fund went long and deep in May. Seeing no reason to hedge against stock-specific or possible macro events, the fund's investment manager, Essex Investment Management, lightened up on the shorts. And by the end of May, it was clear the tactical bet had paid off...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI