Opalesque Industry Update - GLG, the discretionary investment manager of Man Group plc (“Man”), has announced that the GLG Strategic Bond Fund (the “Fund”) is now available on the Skandia Investment Solutions platform.|
Launched in November 2011, the £118 million fund ($182m), managed by Jon Mawby and Steve Roth, aims to achieve above average levels of return through income and capital appreciation. Since launch the fund has delivered a first quartile return of 22.50%.
Domiciled in the UK, the UCITS Fund has the ability to invest in government and corporate bonds, convertibles, convertible preference shares, index-linked securities, derivatives, money market instruments, deposits, and cash (or equivalents) globally.
The GLG Strategic Bond Fund is also available for investment via platforms including Cofunds, Standard Life Wrap and Transact.
Warren Shiels, Director, UK Retail at Man, said: “We are pleased the GLG Strategic Bond Fund has been added to Skandia’s platform. The fund is a key focus for us in the UK retail market and we believe its global diversification, lack of liquidity constraints and true strategic nature will continue to find favour with investors in the coming months and years.”