New York-based Permal Group, the $22 billion hedge fund of
funds behemoth, is strengthening its footprint in Asia as it
looks to increase allocations to regional managers, develop its
on the ground team and taps domestic capital sources. Brenda
Tse, managing director and head of Greater China at Permal
(Hong Kong), says that Asia accounted for around 25% of the $2
billion of net new inflows for the group over the past year.
"Asia is a hugely important part of our business and...