Dixon joined GLG in September 2013 and as of today will manage the UK Income Fund, alongside the GLG Undervalued Assets Fund.
The latter is a UK-domiciled vehicle which invests in UK equities that the fund manager perceives to be undervalued relative to their asset base and their returns on capital. Launched in November 2013, the GLG Undervalued Assets Fund is a mirror of the FP Matterley Undervalued Assets Fund which, under Dixon’s stewardship, has returned 106.4% since inception in August 2008, against an IMA All Companies average of 60.24%.
Dixon joined GLG from Matterley, the fund manager he founded in 2008. He takes over the GLG UK Income Fund from John White, who relinquished his fund management responsibilities last year to work on strategic initiatives at Man Group.
“Equity income funds have always been the cornerstone of UK investors’ portfolios and we have been looking to develop our proposition in this space,” Richard Phillips, head of UK retail at GLG, said.
GLG Partners is part of Man Group plc, an alternative investment management business that specialises in a wide range of liquid investment styles.
