Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GLG Japan CoreAlpha funds to reopen to new investors

Thursday, December 06, 2012
Opalesque Industry Update – GLG Partners, part of Man Group plc, proposes to reopen the GLG Japan CoreAlpha and GLG Japan CoreAlpha Equity funds to new investors with effect from Monday 10 December, following relevant approvals.

Managed by leading Japanese equity managers Stephen Harker, Neil Edwards and Jeffrey Atherton, the UK and Irish-domiciled Funds temporarily closed to new subscriptions from new investors on 30 March 2012 to protect existing investors against potential liquidity risk following strong inflows into the GLG Japan CoreAlpha strategy and a fall in the turnover of shares on the Tokyo Stock Exchange.

Richard Phillips, Head of UK Retail at Man, said: “The soft closure was a precautionary and temporary measure. We believe there is currently sufficient capacity available to open the strategy again to new investors. This decision has been considered carefully and we believe that re-opening the strategy would pose no potential risk to performance at this time and we are pleased to make the Funds available again to new investors.”

(press release)

Man is a world-leading alternative investment management business. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 250 Index with a market capitalisation of around £1.5 billion. www.man.com.

Bg

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int