Mon, Mar 27, 2017
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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He