The partnership aims to provide Australian investors with access to alternative investment teams offering investment solutions through different funds and customised portfolios.
“Permal is one of the largest alternative asset managers in the world and we are pleased to bring their global investment reach, specialist expertise and leading back-office resources to our Australian clients,” BNPP IP Australia chief executive officer David Grybas said.
BNPP IP investors will be able to access the Permal and Jubilee range of funds, as well as Permal’s bespoke hedge fund solutions business.
In addition, BNPP IP will also again access to Permal's $7 billion dollar managed account platform.
“With scale becoming an increasingly important aspect of investing in hedge funds, Australian investors can now benefit from the strength of Permal’s purchasing power, as well as their decades of experience in manager selection, asset allocation and risk management,” Mr Grybas stated.
Investors will also be able to customise products to suit specific risk and return objectives, based on economic outlook, asset allocation preferences, risk appetite, as well as other investment parameters.
