GLG boosts Alpha Select capacity by $250m

GLG Partners plans to reopen its long/short Alpha Select fund to limited new investment on 20 September.

The fund, which was launched on 19 February this year, initially closed to new investment in May after attracting $300m of inflows. GLG now plans to create an additional $250m of capacity. Alpha Select, run by John White and the group’s UK equity team, replicates its flagship equity market neutral strategy, the GLG UK Alternative fund. “Demand for the GLG Alpha Select Ucits fund was strong following its launch in February,” GLG co-head of UK retail Richard Phillips says. “We decided to restrict capacity to around $300m for liquidity management reasons and to ensure we could continu...