Few European-based firms have fared better in the fast-changing
market conditions this year than GLC, the 20-year-old
multi-strategy group led by Lawrence Staden that is one of
London’s longest-established hedge funds.
Set up in 1992, GLC runs around $1 billion in a variety of
systematic and discretionary strategies spanning short-term and
mid-term CTAs, equity statistical arbitrage, global macro and
multi-strategy – managing seven co-mingled funds and
bespoke managed accounts for institutional clients.
The firm’s GLC Directional strategy –
a short-term CTA based on trend and counter-trend models that
operates on a two- to five-day trading range – has
been on a roll since last summer, returning 20% over the past
12 months and...