Spring is sprung the grass is riz, I wonder where that permanent capital is?

June was the month when permanent capital's bubble burst. Well, kind of. Dexion Capital relieved FRM of its duties advising on investments for the London-listed closed-ended vehicle, Dexion Trading, and has hired instead Permal to take on the responsibilities.

For managers who dreamed that using such structures gave them capital they could nurture and cherish for ever and ever, it may have been a rude awakening. However one important distinction must be made, and that is between a manager who

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here