Thu, Aug 25, 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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill