GLG brings Lagrange hedge fund to UK

clock • 1 min read

GLG has bought its flagship European long-short hedge fund, managed by GLG co-founder Pierre Lagrange, to the UK market.

The group has launched a UCITS version of the strategy, the GLG European Equity Alternative fund, to be headed by Lagrange and Simon Savage as part of parent company Man Group’s continued expansion in the retail space. The strategy aims to deliver sustainable capital growth for investors with a portfolio of long and short equities. It has delivered 45% and 40% to dollar and euro investors respectively over the last five years, according to Trustnet, using a strategy focused on both growth and capital preservation. Lagrange and Savage run the fund by allocating capital to an interna...

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