Fund launches & closures Wrappers / Structures

GLG rolls out UCITS version of Lagrange’s European fund

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GLG Partners has launched a UCITS-compliant version of its European long/short strategy. GLG European Equity Alternative is managed by co-founder Pierre Lagrange along with Simon Savage, a specialist in active risk management, and options trading specialist Darren Hodges.

The fund for the first time gives retail investors access to the team and strategy behind the GLG European Long/Short Fund, which has been running since 2000 and is annualising at over 10% since launch.

“The mixed outlook for recovery in Europe offers multiple opportunities for this strategy and we are pleased to be able to offer it more widely,”