US Group Takes Over European Hedge Fund with Big Private Client Market

US fund management group Legg Mason has bought an 80 per cent stake in Permal, a French-owned fund of hedge funds manager whose clients are mostly high net worth individuals. Legg Mason is paying $800....

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By: Paul Das
June 27, 2005
US fund management group Legg Mason has bought an 80 per cent stake in Permal, a French-owned fund of hedge funds manager whose clients are mostly high net worth individuals. Legg Mason is paying $800....