Launches & Closures

GLG to launch pan-Asia long/short vehicle

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GLG Partners is eyeing the launch of a new pan-Asia long/short equity fund in the third quarter of the year. Sources say the group has already approached several investors seeking to ascertain their interest for such a fund.

GLG said it could not confirm anything at this stage. The group, according to sources, is targeting September to launch the fund – nearly a year after David Mercurio, the former portfolio manager at the Government of Singapore Investment Corp, joined the group. Mercurio, who heads the team’s global equities strategies, will be portfolio manager of the fund.