GLG launches Total Return fund

GLG Partners has launched a Total Return fund for its macro and relative value team, led by Jamil Baz and Sudi Mariappa

Strategic calls will be made by an investment committee, chaired by Baz, while James Ind, who recently joined GLG from Russell Investments, will be responsible for ongoing portfolio management. The UK-domiciled UCITS fund will invest across a highly diversified range of liquid asset classes, including equities, FX, sovereign bonds, currencies, credit, rates and commodities. The management team will use a value-driven investment approach, looking for absolute, relative and tactical opportunities at both the market and individual security level. GLG said the daily dealing fund will ...