GLG has launched a mirror version of Henry Dixon and his ex-Matterley colleagues' Undervalued Assets fund, after poaching the team in September.
Investment trust buyers are building positions in the listed private equity sector, as strong performance and narrowing discounts continue to boost returns.
To date, 2013 has been another strong year for UK equities, with the FTSE All Share hitting record highs and the FTSE 100 not far from doing the same.
UK managers have called into question domestic equity valuations, saying recent landmark events should act as a warning sign for investors.
UK equity manager Nick Train said his holdings in fund managers will remain "extraordinarily profitable", despite a squeeze on headline fund pricing from distributors.
Shares in Investec were down sharply today after the company said earnings could fall by as much as 10%, amid a tough time for its specialist banking arm in the UK.