People Moves

Permal hires finance professor

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Permal Group, a $23 billion fund of hedge funds, has appointed Zhiwu Chen, professor of finance at Yale University, as chief adviser. This is a consultancy role, working closely with Permal’s investment committee, which is made up of four senior members and eight portfolio managers, and governs the group’s investment strategy allocations.

Chen, who maintains his role as Professor of Finance at Yale University, a position he has held since 1999, has written numerous books and treatises on China’s economy, emerging markets, securities valuations and capital markets.

Before Yale, he was associate professor of finance at The Ohio