Permal launches India fund


Permal Group, one of the biggest fund-of-hedge-fund organisations in the world, has launched Permal India Holdings, a multi-manager, multi-strategy India-focused fund.

"We believe India to be well-suited for a multi-manager approach, due to its diversity, growth prospects and inherent volatility," said Omar Kodmani, the group's senior executive officer in London. "We felt it was timely to enter the market, for there are some great investment opportunities and a number of highly talented fund

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