Permal eyes capital market opportunities

The Permal Group, one of the world's oldest and largest hedge funds, is in talks with several large Chinese financial institutions to foster the overseas investment plans of cash-rich firms.

Permal will also seek investment opportunities in China's capital market as the country pushes forward more sophisticated financial tools next year, its CEO Isaac R. Souede said yesterday during a Beijing visit.

China is considering the introduction of new advanced financial tools like index futures, margin trading and short selling in its stock markets as early as next year to improve and further deregulate the financial market.