Permal ups long exposure in Japan, China, wary of EM
The $24 billion fund of hedge funds firm is optimistic on Japan and China, and favours emerging market debt over EM equity, says its chief executive.
UK fund of hedge funds firm Permal has increased long exposure to Japan and China while keeping a cautious stance on emerging market equities as market sentiment adjusts to changing macro conditions.
Despite Japan’s market correction in May, the firm has an optimistic view on the country, taking a longer position on the market in mid-June, according to Permal chief executive Isaac Souede.
Abenomics is, in a broader sense, a plan for long-term structural reform and “not light wor…
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