GLG Partners Rolls Out UCITS Hedge Fund

Jul 29 2013 | 12:44pm ET

GLG Partners has launched a new value-driven hedge fund.

The Man Group unit said that it rolled out the GLG Total Return Fund, a UCITS-compliant and U.K.-domiciled vehicle. The fund debuted today.

James Ind will lead the new fund, which is managed by GLG's macro and relative-value team. Ind joined GLG from Russell Investments earlier this year.

GLG Total Return targets annual returns of 5% over Libor, and charges only a 0.75% management fee with no performance fee.

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