Performance

GLG to temporarily close European Alpha UCITS fund at $1bn

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GLG Partners, the alternative asset manager that is part of the London-listed Man Group, has that the GLG European Alpha Alternative UCITS fund will close temporarily to new investment from the end of this month after reaching assets under management of $1 billion.

The fund, managed by Philippe Isvy and Pierre Valade, follows a long/short market-neutral strategy investing primarily in continental European equity markets – mainly French stocks – and targeting absolute returns with low volatility.

The investment strategy is driven by fundamental and technical analysis focused on an investment universe comprising 300-350 large and mid-cap stocks. Launched