Arbitraging perception and reality to generate returns

GLG managers Pearson and Burton evaluate consensus in perilous areas to stay ahead of the competition

Philip Pearson and Anthony Burton have managed GLG’s £52m Technology Equity fund since May 2009, replacing Hugh Grieves following GLG’s acquisition of Société Générale Asset Management (SGAM) UK in April 2009. Launched in May 1998, over 12 months to February 12 the vehicle sits third out of nine funds in the IMA Technology and Telecoms sector, climbing 41% against an average increase of 40%, according to Morningstar. On a five-year view the fund is up 31% compared to an average of 38%. Over three years it is up 7%. Pearson has also been managing GLG’s Technology hedge fund since Ju...