Legg Mason Sees No Growth at Permal in Next Two Years But Lots at Entrust

Numbers of HFs and FoFs from HFR 664 x 400

By Hedge Fund Insight staff Yesterday’s release of the 10-Q filing of Legg Mason, parent of fund-of- funds group Permal, contained an update on the parent’s expectations of growth at the hedge fund subsidiary.  Expectations have been lowered, leaving the carrying value of the business at less than half of that previously held in LM’s […] Read more »