GLG Launches Currency-hedged Version of Japan CoreAlpha Fund

London, 8 February, 2010 – GLG Partners LP (“GLG”), the Financial Services Authority (“FSA”) authorised and regulated investment manager, has launched the GLG Japan CoreAlpha Equity Fund, a currency-hedged replica of its £698m Japan CoreAlpha Fund.
Managed by leading Japan equity managers Stephen Harker and Neil Edwards, the new Dublin-listed fund is a direct mirror of their unhedged GLG Japan CoreAlpha Fund, which was last month awarded ‘Elite’ status by Morningstar. One of the top performing funds in its sector, it has delivered a positive return of 9.95%¹ since the pair took over on 31 January 2006 (compared to a sector average of minus 25.47%) and 17.12%² over the last 12 months (compared to a sector average of 4.35%).

The new fund will offer three share classes hedging yen exposure into the euro, dollar, or – from the end of the month – sterling. Charges will mirror those of the UK-domiciled fund, with an annual management charge of 1.5% and a minimum investment of £1,000.
Richard Phillips, Joint Head of UK Retail at GLG, said: “The Japan CoreAlpha fund has a fantastic track record and is consistently among the top performing funds in its sector. We recognise however that some investors prefer to mitigate the currency risk when investing abroad so it makes sense to launch a new version of the fund for those keen to gain yen-hedged exposure to Stephen and Neil’s proven strategy.”