GLG Partners, part of the Man Group hedge fund business, has named its team that that will form the UK firm's Asian long-short equities team focused on fundamental stock picking.
Based in Hong Kong, the team will be co-managed by David Mercurio, head of Asia equity and co-head of global equity strategies and Ben Freischmidt, risk specialist.
Mercurio joined GLG in September last year from the Government of Singapore Investment Corp, while Freischmidt joined in March 2012 from Singapore-based LionRock Capital, which he co-founded and helped run as chief operations officer.
There are also four sector specialists: David Walsh, specialising in industrials, Nick Vidale in Ffnancials and Sahil Khanna in consumer and TMT. Carl Esprey, the team’s materials specialist, will be based in London.
Pierre Lagrange, co-founder of GLG and chairman of Man Asia said: “When we started the European long-short strategy eleven years ago, the environment in Europe looked very like it does in Asia today, with strong longs and shorts likely to emerge. The new team will seek to capture the returns available from dispersion, based on the same processes we have employed successfully in Europe.”
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