GLG Partners

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

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

Bank shares were clear winners in the days following the Conservatives' shock election win, and fund managers predict they have further to run. Investment Week lists funds positioned for a further rally in bank shares.

Former Carmignac head of emerging market equities Simon Pickard and colleague Edward Cole are to join Man GLG.

Rory Powe, recently appointed manager of the GLG Continental European fund, turned over 95% of the portfolio on day one of his tenure as he sought to skew the portfolio towards the market leaders he favours.

Wealth managers are reducing their exposure to hedged share classes in their Japanese fund holdings, in the belief that further yen depreciation now looks less likely.

Tilney Bestinvest has named nine funds that have consistently earned its top fund rating over the past five years.

GLG's Jon Mawby and Andy Li have repositioned their £1bn Strategic Bond fund following the announcement of a €1.1trn quantitative easing programme by the European Central Bank (ECB).

Charlie Long and Nick Judge boosted the performance of the £304m GLG UK Select fund in 2014, after a rocky second quarter forced them to review the fund's risk management processes.

Cheyne Capital's European hedge fund manager Moni Sternbach has joined GLG to work on a new mid-cap long/short strategy set to be launched later this quarter.