GLG unveils Asian long-short equities team
GLG Partners has formed a Hong Kong-based long-short equities team to focus on the Asian markets.
The six-strong group will be co-managed by Asia equity head David Mercurio and risk specialist Ben Freischmidt. Mercurio, who is also GLG’s co-head of global equity strategies, joined the asset manager in September last year while Freischmidt was hired in March 2012.
The team will boast four sector specialists. Based in Hong Kong, David Walsh will cover industrials, Nick Vidale will look at financials and Sahil Khanna will focus on consumer and technology, media and telecommunications. Carl Esprey will cover the materials sector and is based in London.
GLG co-founder Pierre Lagrange says the team will apply the philosophy, stock-picking process and risk management methodologies of the asset manager’s European long-short strategies to Asia.
“When we started the European long-short strategy 11 years ago, the environment in Europe looked very like it does in Asia today, with strong longs and shorts likely to emerge,” Lagrange says.
“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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