GLG Reopens Some Japan Funds To New Investors

Sally Ling

6 December 2012

GLG Partners, part of Man Group, will reopen the GLG Japan CoreAlpha and GLG Japan CoreAlpha Equity funds to new investors with effect from Monday 10 December, following relevant approvals.

Managed by Japanese equity managers Stephen Harker, Neil Edwards and Jeffrey Atherton, the UK and Irish-domiciled funds were closed to new investors on 30 March this year. GLG took this step to protect existing investors against potential liquidity risk following strong inflows and a fall in the turnover of shares on the Tokyo Stock Exchange.

“The soft closure was a precautionary and temporary measure … we believe that re-opening the strategy would pose no potential risk to performance at this time,” Richard Phillips, head of UK retail at Man, said in a statement.