Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

GLG to reopen top rated managers' Japan fund

GLG to reopen top rated managers' Japan fund

GLG Partners has announced its intention to reopen its GLG Japan CoreAlpha Equity fund after closing it to new subscriptions in March this year.

The Dublin-domiciled €883.7 million Japanese equity fund is run by manager trio Stephen Harker, Neil Edwards - both Euro Stars AA-rated managers - and Jeffrey Atherton.

Atherton joined the firm, owned by the Man Group, in March 2011 as a co-manager on the Japan CoreAlpha Equity fund.

The fund was originally closed at the end of March this year to protect existing investors against potential liquidity risk.

This followed strong inflows into the GLG Japan CoreAlpha strategy and a fall in the turnover of shares on the Tokyo Stock Exchange, according to GLG.

Commenting on its reopening, Richard Phillips, head of UK retail at Man Group, said: 'The soft closure was a precautionary and temporary measure.  We believe there is currently sufficient capacity available to open the strategy again to new investors. '

'This decision has been considered carefully and we believe that re-opening the strategy would pose no potential risk to performance at this time and we are pleased to make the funds available again to new investors.'

Since its inception in February 2010 the GLG Japan CoreAlpha Equity fund has posted negative returns of -9.6% while its benchmark, Topix TR, has risen 5.5%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015