Wednesday, 26 April 2017
Last updated 14 hours ago
Apr 2 2012 | 2:18pm ET
The Man Group has launched a UCITS III-compliant version of GLG Partners' financials hedge fund.
Like the fund on which it is based, the GLG Financials Alternative Fund will be run by David Sanders and Stephen Holliday. The UCITS fund comes just in time to profit from the capital requirements of the sector, which Sanders says will see a lot of capital-raisings, initial public offerings and government stake sales.
"Our strong in-house expertise and analysis provides us with the tools to identify opportunities in a sector where there are relatively few specialists," Sanders told FundWeb. "This has enabled us to outperform, with a market-neutral approach, in what has been a turbulent market."
The existing financials hedge fund is up 4.31% through February. The UCITS version has a minimum investment requirement of just £1,000.