GLG managers to take charge of Asia Pacific fund
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GLG Partners’ Bart Turtelboom and Karim Abdel-Motaal wil be replacing SG Asset Management’s Shaun Giacomo as managers of the £68.5m GLG Asia Pacific fund from January 1.
Currently GLG delegates the management of the fund to SG Asset Management (Singapore).
Earlier this year, GLG completed the acquisition of Societe Generale Asset Management which led to a review of the fund range.
In an update to advisers, GLG says it has decided that its own fund management expertise within Asia Pacific (ex-Japan) equities will better serve the interests of clients going forward.
GLG is planning to review the investment objective, process and risk profile of the fund over the coming months.
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