A UCITS long/short equity version of GLG’s North American Opportunity Fund has been launched.
The Irish-domiciled GLG North American Equity Alternative UCITS Fund employs a similar strategy to the Cayman-domiciled version, and targets attractive risk-adjusted returns with below-market volatility.
Raffaele Costa: GLG
It is managed by John Gisondi, head of North American equities for GLG.
Focusing on liquid mid-to-large cap stocks, the UCITS fund utilises a bottom-up stock selection process to identify non-consensus ideas.
To generate additional alpha, the management team applies an active trading overlay which provides dynamic exposure to the market, sector and industry groups.
This approach also helps the team evaluate ideas and proactively manage portfolio risk, in