Monday, 29 August 2016
Last updated 2 days ago
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.