Fact sheet: Man GLG European Eq Alter

Fund information
Fund name
Man GLG European Equity Alternative DN EUR
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund managers
  • Pierre Lagrangesince 26/07/2011
  • Simon Savagesince 26/07/2011
  • Neil Masonsince 01/10/2014
Fund objective
The Man GLG European Equity Alternative (the ‘Fund’) investment objective is to provide investors with positive returns primarily through investments in issuers in Europe and of issuers which derive a substantial part of their revenues from activities in Europe. The Fund will be managed in accordance to the GLG European Long-Short strategy. This is a highly diversified, long / short, market neutral equity strategy, predominantly investing in Europe, which allocates capital to a series of trading books which represents the bottom-up stock selection ideas of a broad based team driven by fundamental analysis.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
-1.4%
1 Year rank in sector
56/106
Sector
FO Hedge/Stru Prod - Equity
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.
3.17%
Fund size
£713m (£685m 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.
27
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS21.8%
Ennismore Eurpn Smallar Cos19.8%
Income Partners AllSeasnAsCred18.7%
BlackRock SF Asia Extnn16.9%
Majedie Tortoise16.9%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • Currency27.4%
    International2%
    Europe1.5%
    USA-0.4%
  • Currency33.6%
    Consumer Discretionary6.3%
    Information Technology4.7%
    Materials3%
    Health Care2.3%
  • International Equities82.2%
    Money Market17.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%2.7%-0.5%-1.4%-4.6%9.4%
Sector0.5%1.7%1.2%-1%5.4%15.6%
Rank within sector26 / 12035 / 12269 / 11656 / 10663 / 7539 / 53
Quartile1st2nd3rd3rd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.1%6.3%-7%6.6%5.4%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector70 / 11231 / 9973 / 8050 / 7132 / 58
Quartile3rd2nd4th3rd3rd
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.
-2.33
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.
0.35
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.
-0
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%.
5.33
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.
5.63
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.
-0.66
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.
0.05
Price movement
52 week high113.27
52 week low105.52
Current bid price-
Current offer price-
Current mid price109.05
Region
1Currency27.4%
2International2.04%
3Europe1.54%
4USA-0.41%
Industry sector
1Currency33.63%
2Consumer Discretionary6.28%
3Information Technology4.71%
4Materials2.97%
5Health Care2.3%
6Telecommunications Utilities1.21%
7Utilities-0.14%
8Others-0.88%
9Consumer Staples-2.48%
Asset type
1International Equities82.2%
2Money Market17.8%
Individual holdings
1BHP BILLITON LTD2.22%
2EMC CORP1.83%
3TELEPERFORMANCE1.82%
4RIO TINTO PLC1.73%
5SHIRE PLC1.59%
6MICRO FOCUS INTERNATIONAL1.55%
7ASCIANO LTD1.53%
8RPC GROUP PLC1.51%
9BAKER HUGHES INC1.28%
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners LP
Fund type
No data available.
Fund objective
The Man GLG European Equity Alternative (the ‘Fund’) investment objective is to provide investors with positive returns primarily through investments in issuers in Europe and of issuers which derive a substantial part of their revenues from activities in Europe. The Fund will be managed in accordance to the GLG European Long-Short strategy. This is a highly diversified, long / short, market neutral equity strategy, predominantly investing in Europe, which allocates capital to a series of trading books which represents the bottom-up stock selection ideas of a broad based team driven by fundamental analysis.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Fund managers
NameSinceBiography
Pierre Lagrange26/07/2011Pierre is a senior portfolio manager, a co-founder of GLG, and Chairman of Man Group Asia.  He has over 24 years of experience in portfolio management and investment research. In 1995 Pierre co-founded GLG Partners with overall responsibility for Global Equities, including sector long-short and long-only funds. Prior to this, Pierre worked at Goldman Sachs from 1990, where he had responsibility for managing global equity portfolios and at JP Morgan from 1985 where he worked in government bond trading. Pierre started his career at Exxon Chemicals. Pierre holds an MA in Engineering at Solvay Business School in Brussels. When GLG was acquired in October 2010 by Man, Pierre became a member of the Executive Committee of Man and in 2011 he was appointed the Chairman of Man in Asia.
Simon Savage26/07/2011Simon joined GLG in 2004 and has focused on active risk management in the European Long Short portfolios. Simon graduated from Oxford University in 1990 with a BA in Physics and started his career in the quantitative aspect of equity trading and risk management, joining the equity derivatives team of Nomura. In 1994 he moved to Bear Stearns to start their European portfolio trading business, moving to Morgan Stanley in 1997 to head up their risk program operation.
Neil Mason01/10/2014
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, 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, Singapore, Sweden
Man GLG European Equity Alternative DN EUR
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price109.05
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07AY
Man GLG European Equity Alternative DN H CHF
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price104.47
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0X3Q
Man GLG European Equity Alternative DN H GBP
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price108.61
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10DF
Man GLG European Equity Alternative DN H NOK
Initial charge5%
Annual charge2.75%
Min single investment£5,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price117.13
CurrencyNOK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0I9X
Man GLG European Equity Alternative DN H SEK
Initial charge5%
Annual charge2.75%
Min single investment£5,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price112.16
CurrencySEK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0I9Y
Man GLG European Equity Alternative DN H SGD
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price104.28
CurrencySGD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIB2Y
Man GLG European Equity Alternative DN H USD
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.17%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price111.55
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code07AZ
Man GLG European Equity Alternative IN EUR
Initial charge5%
Annual charge2%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price113.18
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code07B0
Man GLG European Equity Alternative IN H GBP
Initial charge5%
Annual charge2%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price114.44
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10DE
Man GLG European Equity Alternative IN H NOK
Initial charge5%
Annual charge2%
Min single investment£500,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.92
CurrencyNOK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMQ6J
Man GLG European Equity Alternative IN H SEK
Initial charge5%
Annual charge2%
Min single investment£500,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price106.65
CurrencySEK
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLIZ
Man GLG European Equity Alternative IN H USD
Initial charge5%
Annual charge2%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price114.11
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DOU
Man GLG European Equity Alternative IXN H GBP
Initial charge-
Annual charge1.5%
Min single investment£100,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.95
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMS6Z
Data provided by

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