Wrappers / Structures

GLG to reopen White’s UK equity UCITS fund for $250m capacity

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GLG Partners plan to reopen one of its UCITS-compliant offerings to new investment after receiving strong demand from investors. The GLG Alpha Select (UCITS III) Fund, which replicates the firm’s UK equity long/short strategy led by John White, launched in February this year and was closed in May after attracting more than $300 million from investors.

The firm is creating an additional $250 million of capacity and will close the fund again once this has been filled. The fund is managed by GLG’s UK equity team, which is headed by White and also includes Charlie Long and Nick Judge.