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GL Asset Management rolls out four sicavs to UK market

Andy Sullivan, BlackRock alumnus and new chief executive of GL Asset Management UK is debuting four Luxembourg-domiciled funds to professional investors.

GL Asset Management rolls out four sicavs to UK market

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UK-based professional investors, from family offices to high-net-worth individuals will have access to four funds from GLAM UK.

The four Sicavs are: GL Algomatica; GL Algomatica Plus; GL Precision Europe Long/Short Equity; and GL Precision Global Long/Short Equity.

The boutique said the funds aim to be “highly liquid, have low volatility, follow an active investment process, and are market neutral”.

The flagship fund, GL Algomatica, will seek to exploit pricing anomalies, relative strengths and fundamental differences between pairs or baskets of stocks in the same sector.

The funds will be offered through the UK branch of the alternative investment company, GLAM, which was authorised by the Financial Conduct Authority in November 2016.

The firm has a handful of commercial partners across Europe, including a Swiss-based operation, GL Asset Management AG.

Other partner locations are Geneva, Munich, Riga and Moscow. 

In addition to his roles as chief executive and portfolio manager, Sullivan also jointly manages the firm’s Global and European long/short equity products.

Prior to launching GLAM, he was a European and global equity portfolio manager of the scientific active equity team at BlackRock, prior to which he was a portfolio manager in Nomura Asset Management’s Europe active equity team.

Sullivan said: “We are delighted to be able to offer our clients in the UK a range of equity products that we hope will provide consistent returns at low volatility irrespective of market direction, which is ever more important for all investors in these times of heightened market risk’.”

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