Man GLG closes Technology fund

Managers Pearson and Burton to exit

Man GLG is closing its £200m Technology Equity fund, as managers Philip Pearson and Anthony Burton prepare to leave the group.

A spokesperson confirmed the closure and said the pair are departing later this year to pursue other opportunities. They have managed the fund since 2009. The fund currently has just under £200m in assets. Investors will be offered free switches into other Man GLG portfolios following the closure. GLG's Dixon: Miners are like tech companies in the 2000s Over the five years to 8 October, the Man GLG Technology Equity fund has returned 67.4%, compared to the IA Technology and Telecoms sector average of 69.1%, according to FE Trustnet. An number of technology funds were launched ...