Legg Mason has launched a Global Absolute Return fund managed by its hedge fund specialist affiliate Permal.
The Dublin-domiciled Ucits III vehicle will have daily dealing and aims to deliver an 8%-10% return per annum over a full market cycle of three to five years, with a volatility of between 6%-8%. Legg...
The US dollar is close to peaking and the risks now seem to be on the downside.
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