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Permal Emerging Markets Holdings: Permal Group
Winner: Best performing emerging markets fund of hedge funds
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Asian equities represent over half of the funds allocation in Permal’s Emerging Markets Holdings fund of hedge funds, launched in 1993.
Permal investment specialist Hudheifa Moawalla says the fund is classified as directional. Around 14% of the portfolio is invested in Latin America, where Permal sees a number of opportunities. A good example of sentiment for South America is its positive view on Brazil, particularly its natural resources wealth, strong labour market, consumer demand, political
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