GLG launches macro fund

GLG Partners is launching a Ucits III version of its multi-asset global macro strategy.

Driss Ben-Brahim, the portfolio manager, and Jamil Baz, the chief investment strategist at GLG, will manage the Ireland-domiciled Atlas Macro Alternative fund along the lines of the GLG Atlas Macro hedge fund.

The fund will target annualised returns and volatility of 10-15% by investing across all asset classes and maintaining a “mainly liquid” portfolio. (article continues below)

It will be one of the few macro products available to the British retail market. The most prominent is the L&G Diversified Absolute Return trust (Dart), which is co-run by Ben Gill, a former portfolio manager at GLG.