Launches & Closures

GLG fund closes to new investment after reaching $1 billion milestone


The GLG European Alpha Alternative UCITS fund will close temporarily to new investment from 30 June 2011 after reaching the $1 billion milestone in assets under management.

The fund, managed by Philippe Isvy and Pierre Valade, is a long/short market neutral fund investing primarily in continental European equity markets, mainly French equities, targeting absolute returns with low volatility. The investment strategy is driven by fundamental and technical analysis focused on an investment universe gathering between 300 and 350 large and mid-cap stocks.

Launched 23 June 2009, the fund has delivered an annualised net performance of 6.7% and an annualized volatility