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Permal Floats Share Class For Two Funds
Permal Group, the fund-of-hedge-funds manager, has rolled out a Chinese renminbi share class for its fixed-income and macro funds.
Permal Group, the fund-of-hedge-funds (FoHF) manager, has rolled out a Chinese renminbi share class for its fixed-income and macro funds, HFMWeek reports. The share class for Permal Fixed Income Holdings, which totals $5.7 billion in assets, will commence by the end of September.
The $6.1billion Permal Macro Holdings’ class will open soon afterwards. The funds already provide U.S. dollar, euro, sterling and yen classifications, while a Swiss share class was launched earlier in 2011.
Click here for the story from HFMWeek.