Fact sheet: Man GLG Cred-Eq Alt

Fund information
Fund name
Man GLG Cred-Eq Alternative DN H USD
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund manager
  • Danilo Rippasince 21/05/2014
Fund objective
The Man GLG Cred-Eq Alternative Fund (“The Fund”) seeks to provide investors with absolute returns over the medium term through investment in convertible, credit and equity asset classes globally. The Fund will invest in a wide range of opportunities globally based on a fundamental analysis of convertible bond issuers. This analysis will result in the Investment Manager identifying assets that it considers to be over- or undervalued which will then determine the relevant investment exposure that the Investment Manager wishes to achieve. The Investment Manager may then obtain such exposure through convertible bonds, or where no suitable convertible bond can be identifi ed, through credit or equity investments.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
Mixed
Quick stats
1 Year return
-5.2%
1 Year rank in sector
110/131
Sector
FO Absolute Return
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.18%
Fund size
£45m (£82m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
93
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd15.5%
SW Mitchell Emerging European13.7%
Pictet Scv II Dyn Ass Alloc9.8%
Polar Capital UK Abs Eq9.5%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • North America9.2%
    Europe ex UK4%
    Latin America0.8%
    UK0.6%
    Middle East0.4%
  • Industrials5.7%
    Technology4.1%
    Financials1.9%
    Cyclical Consumer Goods1.5%
    Communications1.4%
  • Convertibles26.7%
    International Equities-27.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1%2.1%-5.2%--
Sector-0%-0.6%0.5%-0.3%2.6%9.5%
Rank within sector44 / 14022 / 14030 / 138110 / 131--
Quartile2nd1st1st4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.1%-3%---
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector99 / 13195 / 115---
Quartile4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high97.37
52 week low85.63
Current bid price-
Current offer price-
Current mid price93.76
Region
1North America9.22%
2Europe ex UK4.03%
3Latin America0.83%
4UK0.63%
5Middle East0.38%
Industry sector
1Industrials5.66%
2Technology4.09%
3Financials1.93%
4Cyclical Consumer Goods1.46%
5Communications1.41%
6Energy0.72%
7Non-Cyclical Consumer Goods0.58%
8Basic Materials0.45%
9Utilities0.21%
Asset type
1Convertibles26.7%
2International Equities-27.46%
Individual holdings
No data available.
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund objective
The Man GLG Cred-Eq Alternative Fund (“The Fund”) seeks to provide investors with absolute returns over the medium term through investment in convertible, credit and equity asset classes globally. The Fund will invest in a wide range of opportunities globally based on a fundamental analysis of convertible bond issuers. This analysis will result in the Investment Manager identifying assets that it considers to be over- or undervalued which will then determine the relevant investment exposure that the Investment Manager wishes to achieve. The Investment Manager may then obtain such exposure through convertible bonds, or where no suitable convertible bond can be identifi ed, through credit or equity investments.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
Mixed
Fund manager
NameSinceBiography
Danilo Rippa21/05/2014Danilo Rippa joined GLG in May 2007. Prior to joining GLG, Danilo worked for 7 years at JPMorgan where he was a Vice President within the convertible bond structuring team (awarded best IFR convertible origination team for 5 consecutive years). Prior to that, Danilo worked in the cash equity capital markets division focusing on the origination and execution of IPO, rights issues, accelerated book buildings and block trades. Danilo graduated in Business Administration in 1999 from L.U.I.S.S University in Rome with 110/110 cum laude.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
Man GLG Cred-Eq Alternative DN EUR
Initial charge5%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.93
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKK2K
Man GLG Cred-Eq Alternative DN H USD
Initial charge5%
Annual charge1.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price93.76
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKJ3V
Man GLG Cred-Eq Alternative IN EUR
Initial charge5%
Annual charge1%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.54
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKJ3W
Man GLG Cred-Eq Alternative IN H USD
Initial charge5%
Annual charge1%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.9
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKU9V
Data provided by

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