Investor profile: Permal Investment Management Services

Old guard, new school

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Permal is known as a pioneer in multi-manager, multi-strategy alternative investments. Beginning in 1973 with the launch of its first fund of funds for wealthy European investors who wanted access to US-based investment managers, Permal has grown and now offers a wide range of funds including absolute and directional strategies.

In 2005 Permal was acquired by Legg Mason. Permal client administration and legal run the operational oversight of the platform. Legg Mason Global Funds Administration pr