Permal 2145249 217376801 2008-06-05T19:40:48Z 38.96.172.74 {{orphan|date=November 2007}} {{Wikify|date=November 2007}} '''Permal''' Group, one of the oldest [[fund of hedge funds]], is headquartered in London, with offices in New York, Boston, Singapore, Paris, Nassau, Dubai and Hong Kong. It manages approximately $30 billion in assets and employs over 140 people including 4 senior managers and 16 investment managers/analysts. Its client base is located primarily outside the US and includes institutions, high net worth individuals and families. Its flagship product, Permal Investment Holding, is a global multi-strategy fund of hedge funds, managed by Jim Hodge and Robert Kaplan. The fund aims to capture two thirds of the upside during a bull market and seeks to limit its downside to one third of a comparable index during the bear market. Permal was acquired by Legg Mason in 2005. As of June 2005, it became a subsidiary of [[Legg Mason]]. ==External links== *[http://www.permal.com Official site] {{UK-company-stub}}