Funds of Hedge Funds

Permal continues to navigate the turbulent markets with 20-year-old $5.5bn global macro fund


After two decades, Permal Asset Management has proven it can stand the test of time, having two funds of funds that are still performing, year on year

Omar Kodmani
Twenty years is a long time to be running funds of hedge funds. According to the InvestHedge Database, the funds of hedge funds that have an inception date in 1992 included Key Global Fund, now part of SEB’s alternative unit, Olympia Star II, Sandalwood Securities’ Oxbridge Partners, Sire Partners, La Fayette Holdings Fund and Stenham Asset Management’s Stenham Universal Portfolio, as well as GAM Multi-Emerging Markets, Permal Investment Holdings and Permal Macro Holdings (see table).

Taking a closer look at Permal Macro Holdings – the largest 20-year-old fund in the universe with assets