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Legg Mason Permal Global Absolute Fund

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About the Fund

Investment Aim

The Fund’s investment objective is to generate absolute returns over the medium term through a macro style investment process.

Performance Benchmark

N/A

Daily liquidity, multi-asset UCITS fund with an absolute return and low volatility objective.
Managed with a global macro approach, expressed through traditional investment instruments such as ETFs.
Combines the quantitative analysis of macro hedge fund return drivers with the fundamental top down views of the Permal Investment team

About the Investment Strategy

Quantitative Inputs: proprietary, multiple-factor quantitative analysis of the key systematic risk and return factors focusing on asset classes, regions and strategies to determine the key drivers of beta
Qualitative Views: The Investment Committee meets weekly to discuss the macro environment and uses its experience and perspective on global markets to provide forward-looking, top-down macroeconomic views. The team also draws on the broad perspectives of their worldwide network of hedge fund managers, which adds unique 'on-the-ground' insights into global markets.
Portfolio Management: Permal's portfolio managers use the factor model framework created from the quantitative analysis and combine it with the top-down macro views of the Investment Committee to create an asset allocation blueprint. They then work with Legg Mason Global Asset Allocation (LMGAA) to implement the portfolio using the investment universe available to them. LMGAA also perform compliance and risk management functions.

About the Investment Team

Permal has over 35 years of experience in alternative asset management. The company has a stable and experienced management team, and offers a global presence with offices in New York, London, Singapore, Dubai, Paris, Boston, Hong Kong, Tokyo and Nassau.

General Fund Literature

Fact Sheet
Commentary
Full Prospectus
Simplified Prospectus
Prospectus Supplement

Risk Factors: The Fund’s assets may be denominated in currencies other than the Base Currency of the Fund. Therefore, the Fund may be exposed to currency risk due to fluctuations in the exchange rate between such other currencies and the Euro. Permal may seek to hedge or mitigate this risk through the use of financial derivative instruments, but they are not obligated to do so. An investment in the Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. Please refer to the Simplified Prospectus and Prospectus documentation for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund.