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GLG Caps Market Neutral Fund at $1B

Dec 18, 2013
Jing Chen

GLG Partners, a subsidiary of London-based hedge fund giant Man Group, has soft-closed its market neutral fund at $1 billion.

Investment Week reported that the closure by GLG, which has been preparing to close the fund to new investors for “some time,” is an effort to maintain performance.

Managed by Steve Roth, the $1 billion fund trades a range of strategies, including convertible arbitrage, long/short credit, capital structure arbitrage, distressed debt and event-driven.

GLG, which manages about $24.5 billion in assets, was acquired by Man in 2010 for $1.6 billion.

 

 

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Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

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