GLG Partners is to reopen the top-performing Japan CoreAlpha fund range, run by Stephen Harker (pictured), Neil Edwards and Jeffrey Atherton.
The UK and Irish-domiciled funds closed to new subscriptions from new investors in March to protect existing investors against potential liquidity risk following strong inflows into the GLG Japan CoreAlpha strategy and a fall in the turnover of shares on the Tokyo Stock Exchange. However, the group has today moved to reopen the range from Monday to new investors. Richard Phillips, head of UK Retail at Man (which bought GLG in 2010) said: "The soft closure was a precautionary and temporary measure. "We believe there is currently sufficient capacity available to open the strategy aga...
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