UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~December 23~~July 20, ~~2014~~2015

Permal Hedge Strategies Portfolio

(Exact name of registrant as specified in its charter)


Maryland	811-22850	46-2552569
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

620 Eighth Avenue, New York, NY		10018
(Address of principal executive offices)		(Zip Code)

(888) 777-0102

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 75.0102 ~~Regulation~~Departure FDof ~~Disclosure~~Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On ~~December 23~~July 22, ~~2014~~2015, Permal Hedge Strategies Portfolio (the “Fund”) issued a press release, the text of which is attached hereto as Exhibit 99.1, ~~stating~~announcing ~~that~~ the ~~Boards~~appointment of ~~Directors~~Jane Trust as director/trustee, Chairman, Chief Executive Officer and President of certain closed-end funds advised by Legg Mason Partners Fund Advisors, LLC ~~have~~(“LMPFA”), ~~appointed~~effective ~~Robert~~August 1, 2015, and announcing the resignation of Kenneth D. ~~Agdern~~ Fuller as a ~~member~~director/trustee, ofChairman, ~~the~~Chief ~~Board~~Executive ofOfficer ~~Directors~~and President of each ofrespective ~~the~~ closed-end ~~funds~~fund, effective ~~January 1~~July 31, 2015.

~~The~~Ms. ~~information~~Trust ~~disclosed~~is ~~under this~~a ~~Item 7~~Managing Director of Legg Mason & Co.01, ~~including~~LLC ~~Exhibit~~and 99has been a part of the Legg Mason family for almost 27 years.1, ~~shall~~She ~~not~~has beheld senior ~~deemed~~investment toroles bewithin Legg Mason Capital Management (“~~filed~~LMCM”) and Legg Mason Investment Counsel (“LMIC”). Ms. Trust was an Institutional Portfolio Manager for ~~purposes~~LMCM, ofmanaging ~~Section 18~~accounts on behalf of ~~the~~sovereign ~~Securities~~wealth ~~Exchange~~funds, pension ~~Act~~plans, ofpublic ~~1934~~funds and mutual funds. At LMIC, asMs. ~~amended~~Trust was Head of Investments, orsupervising ~~otherwise~~a ~~subject~~team toof ~~the~~equity ~~liabilities~~and ~~under~~fixed ~~Section 18~~income portfolio managers and ~~shall~~overseeing ~~not be~~the ~~deemed~~firm’s totrading bedesk. ~~incorporated~~In byaddition, ~~reference~~currently ~~into~~Ms. ~~any~~Trust ~~filing~~serves as Senior Vice President of LMPFA, the Fund’s ~~under~~investment ~~the~~manager. ~~Securities~~Ms. ~~Act~~Trust ofearned ~~1933,~~a asB.A. ~~amended,~~in ~~except~~Engineering asSciences ~~expressly~~from ~~set~~Dartmouth ~~forth~~College byand ~~specific~~an ~~reference~~M.A.S. in ~~such~~Finance ~~filing~~from The Johns Hopkins University. In addition, she is a CFA® charterholder. Ms. Trust is also Senior Vice President of LMPFA, each Fund’s investment adviser.

The information disclosed under this Item 5.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under Section 18 and shall not be deemed to be incorporated by reference into any filing of the Fund under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number		Description of the Exhibit
99.1		Press Release of the Fund, dated ~~December~~July 2322, ~~2014~~2015

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Date: ~~December 23~~July 22, ~~2014~~2015

Permal Hedge Strategies Portfolio By: /s./ George P. Hoyt George P. Hoyt Assistant Secretary

Index to Exhibits

Exhibit Number		Description of the Exhibit
99.1		Press Release of the Fund, dated ~~December~~July 2322, ~~2014~~2015

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