GLG unveils hedged version of Japan CoreAlpha

GLG Partners has launched a currency-hedged replica of its £698m Japan CoreAlpha fund.

Run by highly-regarded managers Stephen Harker and Neil Edwards, the new Dublin-domiciled GLG Japan CoreAlpha Equity fund offers three share classes - hedging yen exposure into the euro, dollar and sterling. Its charges will mirror those of the UK-domiciled fund, with a 1.5% AMC and £1,000 minimum investment. Harker and Edwards' unhedged Japan CoreAlpha is the largest vehicle in its IMA universe, returning 9.95% over the four years since the duo took over the fund on 31 January 2006, against a 25.47% fall for the peer group. "We recognise some investors prefer to mitigate the curre...