Permal offers global long/short equity fund

Permal Investment Management has launched its latest multi-manager fund of hedge funds ' Permal Long Short Global Equity Holdings. The fund, the ninth in Permal's range, will focus purely on long and short strategies and will hold between 10 and 15 hedge funds in its portfolio. The objective of the new fund is to generate above average risk adjusted returns with low volatility and capital preservation. Geographically, the fund will focus on developed markets, with 70% in the US, 15% in Europe and 15% in Japan. A group of stock pickers based in the US will determine the holdings within...