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GLG Japan CoreAlpha Equity I H GBP (FX Hedged)

Ranked 4 out of 74 in - Japan over 12 months
All calculations are in GBP

Managed by

Jeffrey Atherton

Jeffrey Atherton is a senior portfolio manager at GLG, where he is responsible for the firm’s Japanese equity funds. Atherton has been managing Japanese funds for over 20 years and has held senior positions at Insight Investment, SGAM, TCW and Equitable Life. Before joining GLG, he worked at Stratton Street Capital LLP for five years where he was a partner and co-manager of their Japanese hedge fund strategies. He joined GLG in March 2011 and has a BA in economics from the University of Sheffield.

Stephen Harker

Teeside born Stephen Harker attended both Warwick and Sheffield Universities studying Mathematics, Economics and Finance, and started his investment career with Prudential Portfolio Managers where he worked from 1983 to ’93. He moved to Societe Generale in 2002. Stephen has managed Japanese equity funds since 1985 and, as well as managing a number of institutional funds, he currently co-manages two Japan focused retail funds alongside Neil Edwards, and they say they adopt a contrarian value approach. Away from the office Stephen lists his main leisure interest as football.

Neil Edwards

London born Neil Edwards studied Economics at Sheffield University in the late 70’s before beginning his investment career with Halifax Fund Management where he worked from 1986 to 2000. Neil joined the Nestle UK Pension Fund as UK equity fund manager in 2001, leaving to join Societe Generale Asset management in 2005 as a senior fund manager where, as well as managing a number of institutional funds, he co-manages two of the firm's Japan focused retail funds alongside Stephen Harker. They describe their investment style as adopting a contrarian value approach. Away from the office Neil’s leisure centres around sport with an interest in both tennis and rugby.

Objective

The GLG Japan CoreAlpha Equity Fund's investment objective is to provide a high total return for a suitable long term appreciation of the investor's capital measured in US Dollars for those classes denominated in US Dollars, Euro for those classes denominated in Euro and Yen for those classes denominated in Yen. The Portfolio will invest primarily in securities of issuers in Japan or of issuers which derive a substantial part of their revenues from activities in Japan.

Performance

Japan over : 30/09/2013 - 30/09/2014
  • Rank 4/74 Total Return
  • Rank 68/74 Standard Deviation
  • Rank 12/74 Max Drawdown
Fund Name Return
2 Lindsell Train - Japanese Equity B Dist Hedged

Currency exposure is hedged

Currency exposure is hedged

16.1%

3 Tokio Marine Japanese Equity Focus C GBP-Hedged

Currency exposure is hedged

Currency exposure is hedged

15.9%

4 GLG Japan CoreAlpha Equity I H GBP (FX Hedged)

Currency exposure is hedged

Currency exposure is hedged

13.9%

5 Morant Wright Sakura GBP-Hedged

Currency exposure is hedged

Currency exposure is hedged

13.6%

6 Tiburon Taiko D GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

12.6%

Fund Name Risk
67 CC Japan Alpha B GBP

3.8

68 GLG Japan CoreAlpha Equity I H GBP (FX Hedged)

Currency exposure is hedged

Currency exposure is hedged

3.9

69 Tiburon Taiko D GBP Hedged

Currency exposure is hedged

Currency exposure is hedged

3.9

70 Neptune Japan Opportunities A Acc GBP

4.1

Fund Name Loss
10 Barclays GA - Japan M Inc GBP

-8.9%

11 M&G Japan A Inc

-8.9%

12 GLG Japan CoreAlpha Equity I H GBP (FX Hedged)

Currency exposure is hedged

Currency exposure is hedged

-9.0%

13 Aviva Investors Japan Equity MoM SC 1

-9.2%

14 CF Morant Wright Japan A Acc

-9.2%

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 2.2% -6.0% 4.8% 3.8%
2013 60.9% 23.4% 12.3% 4.3% 11.4%
2012 15.1% 21.0% -15.8% -6.2% 20.5%
2011 -20.7% -3.4% -2.6% -11.2% -5.1%
2010 -7.2% -13.7% -3.9% 11.9%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Denmark
  4. Finland
  5. France
  6. Germany
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Portugal
  13. Singapore
  14. Spain
  15. Sweden
  16. Switzerland
  17. United Kingdom

Fund Info

  • Launch date18/03/2010
  • Base currencyGBP
  • ISIN IE00B64XDT64
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment100,000
  • Min. additional investment0

Charges

  • Annual management0.8%
  • Initial investment5

Related News

GLG soft closes Harker's Japan funds on liquidity fears

With assets rising to $6.3 billion, GLG has opted to restrict inflows to £1m per day per client.

Performance review: why Vestra’s Lakshmanan has slashed equity exposure

Vestra Wealth head of investment solutions Meena Lakshmanan has slashed her equity exposure by 10%, rotating most of this into cash as she looks to lock in profits.

GLG's Edwards: three charts on why you shouldn't panic over Japan plunge

Japan veteran Neil Edwards says 'buy on the dips' as the trend is still generally upwards.

GLG's Edwards: Japan needs a healthy correction

GLG Japan CoreAlpha's Neil Edwards says Japan's liquidity-driven equity rally has gone too far, too quickly.

GLG Japan's Edwards expecting tech turnaround

The firm's value investing trio were too early into high beta stocks but believe positive re-ratings are imminent.

Risk Budget: Who is adding alpha in Japan?

It says something about the human capacity for optimism out of 84 funds in the Japan sector, just four are above water in the past three years

Nick Sketch: How to be contrarian in a crowded market

At the moment, being a contrarian is tough.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).