Man GLG has launched an investment grade credit fund for Schroders recruit Jonathan Golan.
The Man GLG Global Investment Grade Opportunities fund aims to provide income and capital growth over the medium to long term and is benchmarked against the ICE BofA Global Large Cap Corporate Index.
Golan (pictured) will invest 80% of the fund’s assets in global investment grade bonds, with a focus on small to medium sized issuers.
This is the second mandate Golan will spearhead for Man GLG since joining from rival Schroders. His Man GLG Sterling Corporate Bond fund was launched last September.
Golan’s approach will follow the same three key pillars as his existing fund, which include only buying bonds where the market “greatly overstates” the default risk and focusing on uncorrelated bond opportunities to perform in falling and rising markets.
Man GLG CEO Teun Johnson said the fund was launched in response to demand from clients for “innovative approaches to global credit investing”.
Golan said the decline in corporate bond yields over the past two decades has meant investors have to work much harder to generate attractive returns from their fixed income allocations.
“I believe that our fund enjoys the right investment approach, incorporating high-conviction active management and the flexibility required to thrive in the new challenging realities of the current markets,” he said.
Golan will integrate ESG factors into the investment process using Man Group’s responsible framework.
Man GLG Global Investment Grade Opportunities will be categorised as an Article 8 fund under the Sustainable Finance Disclosure Regulation (SFDR).
