GLG launches Total Return fund

MS Awards 2013

GLG Partners has launched its new UK-domiciled GLG Total Return fund.

The fund is available to investors as of today and will be managed by the macro and relative value team headed by Jamil Baz and Sudi Mariappa.

Baz is set to chair the investment committee for the fund while James Ind will take responsibility for ongoing portfolio management. Ind has recently joined GLG from Russell Investments.

The annual management charge for the GLG Total Return fund is 0.75 per cent and there is no performance fee.

Taking a value-driven investment approach, the fund will look to investment across equities, FX, sovereign bonds, currencies, and credit and well as rates and commodities.

The global mandate will also combine top-down macroeconomic views with bottom-up security selection.

Operating a strict risk framework, the team looks to achieve Libor plus 5 per cent over rolling three-year periods, with typical volatility of around 7 per cent.

Man Group head of UK retail Richard Phillips says:  “The GLG culture is one of delivering absolute returns and the GLG Total Return fund will harness this expertise.

“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.”