Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

GLG soft-closes star Market Neutral fund at $1 billion

by Robert St George on Dec 17, 2013 at 07:00

GLG soft-closes star Market Neutral fund at $1 billion

GLG has confirmed the soft-closure of its highly performing Market Neutral fund, which is managed by Steve Roth.

The fund stated that it would ‘not accept any new subscriptions into the fund in order to limit further growth of the fund size, which has exceeded $1 billion’ (£610 million).

It continued: ‘This decision follows a recommendation from the investment manager, GLG Partners, that the fund has reached its optimal capacity given the present market conditions.’

During the three years to 30 September the fund returned 33%, compared with an average of 8% from the Citywire Alternative Ucits Market Neutral category. Since inception in 1998, GLG Market Neutral has generated 805%, and 103% since the crash in 2008.

The fund targets a low correlation with global equities by investing in a range of bond strategies, including convertible arbitrage, credit and capital structure arbitrage.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the fund managers

  • Steven Roth
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet