Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GLG Japan CoreAlpha Equity reaches over £1bn ($1.47bn) in assets under management

Monday, March 04, 2013
Opalesque Industry Update - GLG, the discretionary investment manager of Man Group plc announced that the currency-hedged GLG Japan CoreAlpha Equity, launched in January 2010, has surpassed £1bn ($1.47bn) in assets under management.

Managed by Japanese equity managers Stephen Harker, Neil Edwards and Jeffrey Atherton, the Ireland-based fund is managed under the same contrarian and value strategy as has been employed by the UK-based GLG Japan CoreAlpha since 2006.

During the recent rally, the Fund benefited from having a degree of cyclicality with many large cap stocks showing signs of turning around following the strong start to the year. The Fund’s largest sector overweight is in Electric Appliances, closely followed by Banks, with substantial investments in Securities and Insurance. Transport Equipment continues to be the largest underweight, along with BRIC-related Machinery and Wholesale Trade.

Richard Phillips, Head of UK Retail at Man, said: “Demand for the hedged version of the GLG Japan CoreAlpha strategy has increased since the change of government in Japan in December and it says much about the esteem in which the team and its approach are held that both the Dublin and UK funds have now both exceeded £1bn in size.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo