Asia Fund of Hedge Funds

Permal Group Vet to Launch $40M Asia Fund of Hedge Funds
Permal Group’s former head of emerging markets investments Steve
Zhang is seeking to raise the amount of $40 million by February for his
own company to invest in hedge funds in the Asia-Pacific region.

Zhang’s
Pacrise Investment Management is awaiting approval from the Monetary
Authority of Singapore to start the fund, he said in a