GLG launches eighth UCITS hedge fund

Mon Oct 11, 2010



GLG Partners is launching a Dublin-domiciled UCITS version of its offshore multi-asset global macro fund strategy.


The GLG Atlas Macro Alternative Fund is run by portfolio manager Driss Ben-Brahim and GLG's chief investment strategist Jamil Baz.


Raffaele Costa, co-head of marketing for GLG

The fund, a sub-fund of GLG Investments VI, will employ a similar strategy to the Cayman-based GLG Atlas Macro Fund, and target an average annual net return of 10% to 15% per year with annualised volatility of 10% to 15% over time.

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