Man GLG reopens Harker's Japan CoreAlpha fund

Man GLG is to remove investment restrictions on its flagship Japan CoreAlpha fund, citing an improvement in Japanese equity market liquidity.

Investment Week can reveal the group is to remove £1m daily investment restriction imposed last October as of 8 June. The group said the restriction is being lifted due to improved liquidity in the Japanese equity market and extra capacity becoming available in the fund. Man GLG pointed to the changing dynamics of the Japanese market as a factor in its decision. "An increase in domestic and foreign institutional interest coupled with favourable reforms in corporate governance has improved liquidity in the Japanese equities market," the firm said in a letter to investors. The ons...