Permal

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Permal Group
PermalLogo MarketsWiki.png
Founded 1973
Headquarters New York and London
Key People Isaac R. Souede, Chairman, Chief Executive Officer and Chief Investment Strategist, Permal Group
Employees >200
Products Advisory, Management, And Monitoring Services To Funds And Customized Portfolios
Website www.permal.com

Permal is a global asset management group that offers investment services through established funds and customized portfolios.

Established in 1973, Permal has offices in nine international financial centers and more than 200 employees, as well as networks of managers and relationships around the globe.

History[edit]

Established almost four decades ago in 1973, Permal was part of the Worms & Cie Group, a family-owned firm of French origin founded in 1848[1]. In 2005, Permal was acquired by Legg Mason and now operates as a subsidiary of the one of world’s largest asset management firms. [2] [3]

Products[edit]

Permal offers a range of multi-manager, multi-strategy funds to meet risk and return objectives. Assets are allocated to experienced investment managers. Permal reallocates among managers and strategies based on an ongoing assessment of global market conditions. Many investments are made through separately managed accounts.

Awards[edit]

In 2011, Permal won the ‘Best Performing Specialist Fund of Hedge Funds Over 10 Years’ award at the Hedge Funds Review European Fund of Hedge Funds Awards [4] and in 2012 also won the ‘Best Specialist Fund of Hedge Funds Over 10 Years’ at the Hedge Funds Review Americas Awards.

International Offices[edit]

Permal Group operates through nine international offices in Boston, New York, Nassau (Bahamas), London, Paris, Dubai, Singapore, Hong Kong and Japan. [5]

Key People[edit]

  • Isaac R. Souede, Chairman, Chief Executive Officer and Chief Investment Strategist, Permal Group
  • Omar Kodmani, President, Permal Group
  • James R. Hodge, President and Chairman of the Investment Committee, Permal Asset Management Inc
  • Robert Kaplan, Chief Investment Officer, Executive Vice President, Permal Asset Management Inc.

References[edit]