Sun, May 1, 2016
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   |   
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n