Thu, Jul 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GLG launches Total Return Fund

Monday, July 29, 2013
Opalesque Industry Update - GLG Partners LP ("GLG"), the discretionary investment manager of Man Group plc (“Man), authorised and regulated by the Financial Conduct Authority, announced the launch of the GLG Total Return Fund (“the Fund”).

Available to investors from 29 July, the absolute return strategy will be managed by the Macro and Relative Value (MARV) team, headed up by Jamil Baz and Sudi Mariappa. Strategic calls will be made by an investment committee, chaired by Baz, while James Ind, who recently joined GLG from Russell Investments, will be responsible for on-going portfolio management. Leveraging GLG’s dedicated expertise in fundamental, quantitative and market analysis, the UK domiciled UCITS fund will invest across a highly diversified range of liquid asset classes, including equities, FX, sovereign bonds, currencies, credit, rates and commodities.

The Fund will employ a value-driven investment approach – seeking to exploit absolute, relative and tactical opportunities at both the market and individual security level – within a flexible global strategy that blends top-down macroeconomic views with rigorous bottom-up security selection. Offering daily liquidity and operating within a strict risk framework, the team will seek to achieve Libor +5% over rolling three-year periods, with typical volatility of approx. 7%. The annual management charge for the Fund is 0.75%; there is no performance fee.

Richard Phillips, Head of UK Retail at Man, said: “The GLG culture is one of delivering absolute returns and the GLG Total Return Fund will harness this expertise, as well as leveraging our proven track record as a multi-strategy firm, to create and enhance long term wealth for clients. The portfolio will be managed by a single investment team with the flexibility to invest wherever real value can be found and the freedom to seek risk-controlled profits from market dislocations. We believe this flexibility and the strength of the team behind the strategy will appeal to institutional and retail investors seeking a compelling alternative to the existing propositions in this space.”

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner