$1bn UCITS fund closes temporarily

GLG Partners,  the Financial Services Authority (FSA) authorised and regulated investment manager and part of Man Group, has announced that the GLG European Alpha Alternative UCITS fund will close temporarily to new investment from 30 June 2011 onwards, after reaching $1bn.   The Fund, managed by Philippe Isvy and Pierre Valade, is a long/short market neutral fund investing primarily in continental European equity markets, but mainly French equities, targeting absolute returns with low volatility. The investment strategy is driven by fundamental and technical analysis focused on an invest...