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Man GLG launches absolute value strategy

Big_BenDiscretionary investment management firm Man GLG is to launch a strategy that will focus on UK mid-cap equities.

The firms’s UK absolute value strategy, to launch in June, will be managed by Jack Barrat and will have a long-short investment strategy that aims for a 10% annual return.

Barrat said: “Our work on the UK market naturally identifies companies that we believe to be overvalued, further to the undervalued opportunities we look for.

“Our analysis shows that pockets of the UK market are expensive and the wide valuation dispersion in the midcap space is offering a compelling opportunity.”

London-based Man GLG, part of the FTSE 250-listed Man Group, has funds under management of $28.8 billion (€26.5 billion).

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