Permian Launches Long-Only Fund, Has High Hopes For Europe

Hedge fund Permian says that a re-rating of the European market is coming as monetary policy takes a new turn in the region

Permian Investment Partners has tripled its assets over the last two years - the fund now manages $607 million, up from $200 million in October 2012.  Permian was founded in 2007 by then founder Cara Goldenberg, and joined by co-partners Alex Duran and Scott Hendrickson in 2008 prior to the firm's launch.

The fund applies a long/short equity strategy, mainly in the Western European region. According to an annual letter seen by ValueWalk, Permian generated a 7.4% return in 2014. The fund produced less than its average return last year, as stock markets in the European region had a poor...