London-based GLG Partners has launched a "value driven" Total Return for investors spanning multiple asset classes, per a recent article from Money Observer. The UK-domiciled Ucits fund, which is offered without a performance fee, will invest across a range of liquid asset classes, including equities, foreign exchange, sovereign bonds, currencies, credit, rates and commodities. The annual management charge for the fund is 0.75 per cent, the article states.
James Ind, who recently joined GLG from Russell Investments, will be responsible for ongoing portfolio management. The fund will be managed by the GLG macro and relative value team, headed by Jamil Baz and Sudi Mariappa. Founded in 1995, GLG Partners holds more than $26 billion in AUM across 50 different funds, per the company's website.