The GLG Total Return Fund will be managed by the Macro and Relative Value team, which is headed up by Jamil Baz and Sudi Mariappa.
Recent recruit James Ind will be the lead portfolio manager, operating a value-driven investment approach.
The fund offers daily liquidity and aims to achieve Libor +5% over rolling three-year period, with typical volatility of approximately 7%.
There is no performance fee and the annual management charge is 0.75%.
The firm’s Alpha Select Alternative was recently named by the IMA as one of the worst performing aboslute return funds.
