Funds of Hedge Funds People Moves

Zhang leads Permal's Asia expansion via Singapore


Even though hedge fund managers in the Asia-Pacific are finding it hard to find capital at the moment, there are, nonetheless, institutional investors who are upping their profiles in the region and who are seriously looking for talent to invest with.

One such is New York-headquartered Permal Asset Management which has been an investor in the Asia-Pacific and emerging markets for many years. The firm now has nine offices throughout the region following the recent opening of a Tokyo outlet.

Furthermore, Steve Zhang, a portfolio manager, has also moved out to Singapore and is the firm's first investment