Mon, Sep 22, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali