Former Russell Investments man to handle absolute return fund at GLG
GLG Partners, the discretionary investment manager of Man Group, is launching the GLG Total Return fund, which will be managed by James Ind, who recently joined from Russell Investments.
Strategic investment calls will be made by an investment committee, which is chaired by Jamil Baz, and works off the macro and relative value team headed by Baz and Sudi Mariappa.
The UK domiciled Ucits will invest across a diversified range of assets, including equities, foreign exchange, sovereign bonds, credit, rates and commodities, GLG said.
The fund will use a value-driven approach, which blends bottom up and top down views.
The fund will target a return of Libor +5% over rolling three-year periods, with volatility of about 7%.