Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

GLG hedgie quits seven months after fund’s launch

GLG hedgie quits seven months after fund’s launch

Stefan Sluke, a fixed income manager at GLG, has left the firm less than a year after the debut of a Ucits version of his fund.

Sluke co-managed the Nomura Man Systematic Fixed Income Ucits fund with Andre Rzym, head of fixed income at Man Systematic Strategies. The fund launched in July 2013, based on a strategy the pair had run since the middle of 2012.

‘There will be no change to the fund or its strategy because Andre Rzym always was and remains the lead portfolio manager,’ a spokesperson for GLG told Wealth Manager.

The strategy was designed to take advantage of the current low interest rate environment, by investing mainly in directional opportunities in emerging and developed swaps, futures and FX markets. It intended to construct a balanced portfolio of assets across 50 markets based on 300 systematic trading signals.

Man Systematic Strategies chief investment officer Sandy Rattray cast the fund as a liquid way for investors to tap a ‘favourable’ backdrop for alternative fixed income while traditional bond funds suffer.

‘The competition for pursuing alpha opportunities has diminished as banks have reduced their risk taking in fixed income markets considerably since 2008, creating the potential to generate strong returns,’ he said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter