Launches & Closures

GLG announces UCITS-compliant version of financials strategy

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GLG, a wholly owned subsidiary of Man Group, has expanded its alternative UCITS range with the launch of GLG Financials Alternative – a UCITS-compliant version of its long/short financials strategy.

It is a global long/short equity Irish-domiciled fund, targeting absolute returns and reduced market correlation by actively trading a portfolio of financials stocks.

The portfolio managers, David Sanders (pictured) and Stephen Holliday, typically run 30 to 60 stocks within the financials portfolio, which are usually overall net market neutral.
David Sanders UCITS
There is an abundance of market neutral opportunity within the financials sector given