EUROPE - Multi-manager Permal, owned by French group Worms & Cie, is offering institutions the opportunity to invest in the Permal Global High Yield Holdings fund, following demand from investors for a more substantial fixed-income product.
The £220m fund uses a mixture of global high yield, debt trading and macro strategies and is managed by 10-15 undisclosed independent fund managers worldwide. Over the past three years, the fu...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
