Investment management firm GLG Partners has rolled out Strategic Bond fund, Financial Times reports. Christophe Akel, who co-manages the £78.9 million GLG Global Corporate Bond fund, will run the new U.K.-domiciled fund.
The new Ucits fund can adopt positions across the bond spectrum, and can hold government and corporate bonds, convertibles, index-linked securities and derivatives. In addition, the fund can take “synthetic short” positions using credit default swaps and use derivatives to alter its duration, barring negative duration.
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