Permal's Souede talks about challenges for hedge funds

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Souede won Hedge Fund Review's award for long-term achievement in FoHFs

The financial crisis has "certainly sharpened the choices that managers in the industry make in terms of what is offered to clients in terms of liquidity, in terms of the span of alpha creation and in terms of being crystal clear as to what objectives and outcome in a fund need to be," declares Isaac Souede, chairman and chief executive of Permal.

In an interview covering a range of topics including the future of the fund of hedge funds industry, innovation and emerging markets and managers (inc