GLG launches Ucits version of multi-asset macro hedge fund

GLG Partners is launching a Ucits III version of its absolute return multi-asset global macro strategy.

The GLG Atlas Macro Alternative fund will employ a similar strategy to the group’s Cayman-based Atlas Macro vehicle, targeting a 10%-15% annual net return with annualised volatility of 10%-15%. Managed by Driss Ben-Brahim and GLG chief investment strategist Jamil Baz, the fund will invest across a number of asset classes – including equities, indices, fixed income and currencies. While supported by qualitative analysis and quantitative models, GLG says the strategy’s thematic trade positions will be mainly liquid and limited in number to avoid excessive portfolio complexity. The ex...