Thu, Dec 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GLG appoints Barrat co-manager of Undervalued Assets Fund

Thursday, May 22, 2014
Opalesque Industry Update - GLG Partners LP, the Financial Conduct Authority authorised and regulated investment manager and part of Man Group plc, has appointed Jack Barrat as co-manager of the GLG Undervalued Assets Fund.

Barrat, previously assistant portfolio manager of the £104m fund¹, which in April was awarded a Bronze rating by Morningstar, will co-manage the strategy alongside portfolio manager Henry Dixon. As part of his new role Barrat will also co-manage the GLG UK Income Fund, which Dixon took over in December 2013.

The GLG Undervalued Assets Fund invests in UK equities the managers consider to be undervalued relative to their asset base and to their returns on capital.

The UK-domiciled Fund is a mirror of the FP Matterley Undervalued Assets Fund launched by Dixon in 2008 at Matterley, the fund manager he founded. Barrat supported Dixon in managing the Matterley fund² before both managers, along with analyst Alice Owen, moved to GLG in October 2013.

Henry Dixon, Portfolio Manager of the GLG Undervalued Assets Fund, said:

“Jack fully deserves to have his talent and contribution to fund performance recognised through his promotion to co-manager. I look forward to working with Jack for many more years with the aim of delivering attractive returns for clients with the support and resources of GLG.”

Commenting on the Morningstar rating, Richard Phillips, Head of UK Retail at GLG, added:

“The GLG Undervalued Assets Fund has performed exceptionally well since launch and we are pleased Morningstar has awarded it a Bronze rating, demonstrating a high conviction in both the strategy and the team managing it.”

Press Release

GLG Partners

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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar