TITLE

Legg Mason offers absolute fund in joint venture

AUTHOR(S)
Salih, Chris
PUB. DATE
August 2009
SOURCE
Money Marketing;8/13/2009, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of financial services firm Legg Mason Inc. to launch a global absolute return fund with fund of hedge fund manager Permal Group in Great Britain. It is noted that if approved, the fund will offer investors annual returns of 8-10% with a volatility of 6-7%. The fund will run under an Undertakings for Collective Investments in Transferable Securities (UCITS) III structure which provides daily dealing and liquidity.
ACCESSION #
44018416

 

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