AA-rating for Permal fund

Permal Investment Management Services Limited has received an AA-rating from Standard & Poor's in May 2001 for its Japanese multi-manager fund, Permal Japan Holdings. The fund has achieved an annualised performance of 17.39% since inception in 1997.

The fund is the only multi-manager fund in its category and has been rated 2/216 funds and the highest ranking fund is one of the funds that Permal Japan Holdings invests in.

Omar Kodmani, senior executive officer of Permal Investment Management Serv