GLG to soft close Harker's Japan CoreAlpha as it hits £6.5bn

GLG Partners is to soft close Stephen Harker's GLG Japan CoreAlpha strategy, two years after it reopened to investors, following a huge climb in AUM, Investment Week can reveal.

The onshore GLG Japan CoreAlpha fund and the offshore GLG Japan CoreAlpha Equity portfolio have now reached a combined size of almost £4bn ($6.3bn) since re-opening in December 2012. Previously soft-closed in March 2012 in the aftermath of the Japanese earthquake, the strategy has grown significantly since re-opening. As well as the assets in the two funds, the strategy is now worth £6.5bn ($10.5bn) when segregated mandates are included. GLG is to impose limits on inflows from 13 October, restricting the amount clients can trade per day to £1m for each fund, in a move which will ef...