People Moves

Permal seeks 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 tap domestic capital sources.

Brenda Tse, managing director and head of Greater China at Permal (Hong Kong), said that Asia accounted for about 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 side, with