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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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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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