The company manages approximately $22 billion with a global investment team based in New York and London, and additional investment resources in Singapore and Paris. Permal Group's clients include sovereign wealth funds, pension funds, endowments, foundations, insurance companies, family offices, private banks and high net worth individuals. The company provides risk management, investment management, due diligence, responsible investing, portfolio construction and management, and pension management services, as well as hedge funds and private equity funds for international investors. Established in 1973, Permal is today part of the Legg Mason Group of Companies, which is one of the world's largest asset management firms.