Permal Group CEO Likes Global Macro, Activism

Just like an active fund manager has to balance the different risks in his portfolio as the markets move, a fund of funds has to decide which strategies have the most promise and manage exposures accordingly. In a recent interview with Bloomberg Briefs, Permal Group CEO Omar Kodmani explains why the fund of funds (with $22.5 billion in assets under management) has shifted from under- to overweight global macro and why he thinks activist strategies are well-positioned right now.

Permal overweight macro as central banks moving in different directions

“In the middle of 2014 we turned bullish on macro because we took the view that the long-awaited divergence between the major economic regions of the world...