GLG Partners

GLG is to launch a global total return fund targeting LIBOR + 5% after expanding its macro investment team.

The Investment Management Association (IMA) has begun publicly revealing Targeted Absolute Return funds' rolling 12-month performance as part of a tightening of requirements, following widespread criticism of the sector.

Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.

GLOBAL

Kames Capital has bought into the record $17bn corporate bond issue unveiled by Apple yesterday, saying the deal "has to be a buy" - but other fund managers are not so sure.

The trader suspended from GLG amid an FSA insider dealing probe worked on co-founder Pierre Lagrange's European long/short fund, Investment Week can reveal.

Architas CIO Caspar Rock has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

GLG's strategic bond fund manager Jon Mawby has warned investors to be wary of exposing their cash to interest-rate sensitive bonds such as gilts amid a surge in demand for protection.

GLG Partners is to reopen the top-performing Japan CoreAlpha fund range, run by Stephen Harker (pictured), Neil Edwards and Jeffrey Atherton.

Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the country's wealthiest hedgies.