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GLG launches Atlas Macro Alternative Fund

GLG Partners has launched a Ucits III absolute return version of its multi-asset global macro fund.


Access to the Atlas Macro Alternative Fund will require a minimum investment of $1m from institutional investors and $1,000 from retail investors.

The institutional management fee will be 2% of net asset value, with a performance fee of 20% of profits. Annualised volatility is expected to be between 10 and 15%.

The Ireland-domiciled fund is the eighth absolute return Ucits III fund GLG has launched since July 2009, and will seek to make investments across all classes of financial instruments on a global basis. The predominately liquid thematic trade expressions will be limited in number to avoid excessive portfolio complexity.

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