Legg Mason Permal Global Absolute Trust

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About the Trust

Investment Aim

The Trust aims to earn a gross return of 8 to 10% p.a. over a full market cycle (three to five year periods).

Performance Benchmark

The Trust does not have a benchmark.
 
 

About the Investment Strategy

    The Trust aims to achieve the Investment Objective primarily by holding shares in Legg Mason Permal Global Absolute Fund that are hedged to the Australian dollar. The Legg Mason Permal Global Absolute Fund is a scheme registered with the Irish Financial Regulator. The Legg Mason Permal Global Absolute Fund seeks to generate absolute returns over the medium-term through a macro style investment process. The Legg Mason Permal Global Absolute Fund utilises:

    • 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 Trust Literature

Product Brochure
Product Disclosure Statement
Quarterly Report
 
 
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.