Man GLG has launched a global sustainable growth long/short fund for manager Rory Powe.
The UCITS vehicle, entitled Man GLG RI Global Sustainable Growth Alternative, will aim to provide an absolute return through the use of long and short positions in global equities. It will have a high-conviction long portfolio of between 25 and 45 high-quality stocks, and a short portfolio designed to hedge against market risks and supplement the intended alpha generation of the long book. Manager Powe, who currently co-manages the Man GLG RI Global Sustainable Growth fund alongside Virginia Nordback, will aim to hold 60-100% of his long-book in world-leading companies with strong ESG cr...
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