GLG duo take unorthodox approach to asset allocation by leaning upon broker research

SPOTLIGHT

Sandy Rattray and Fabrice Bay allow brokers to do the hard work in company research and act on recommendations to outperform Europe ex UK sector

GLG’s Sandy Rattray and Fabrice Bay take an unusual approach to asset allocation for active managers. They admit to allowing brokers to do the hard work when it comes to company research and then acting on these recommendations. This strategy, based on their own extensive research, has led the GLG Esprit Continental Europe to return 44.4% over one year and 63.2% over five years, according to Morningstar. Rattray says he believes the results of the research show broker recommendations work. “If you ask most fund managers if broker recommendations are any good you get the answer: ...