Performance

Permal looks for winning managers from Asia

by

Brenda Tse
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 we have significant plans for the region. On the investing