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

To continue reading...

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 indvidual account here: