GLG, a leading global investment manager and division of Man Group plc, is pleased to announce the appointment of Jeffrey Atherton to the position of senior portfolio manager in the GLG Japan CoreAlpha team.
Jeffrey joins the Japan CoreAlpha team from Stratton Street Capital LLP, where he was a partner and co-manager of Japanese equity strategies. With more than 20 years’ experience in managing Japanese funds, he has held senior positions at companies including Insight Investment, SGAM, TCW and Equitable Life.
Reporting to GLG’s Head of Japanese Equities Stephen Harker, Jeffrey will work with senior portfolio manager Neil Edwards and GLG Japan team consultant Robert Brooke in managing portfolios including the UK-based £1.1bn¹ GLG Japan CoreAlpha Fund and the Ireland-based £490m¹ GLG Japan CoreAlpha Equity Fund.
The UK fund recently passed its fifth anniversary, having returned +24.66% in sterling terms since launch² against a peer group return of -15.03% and Topix index return of -8.53%. The fund is currently the only onshore fund out of more than 2,000 in any IMA sector to rank first quartile in each of the past five years³, and has won numerous awards4.
Jeffrey joins the Japan CoreAlpha team on 21 March.
Commenting on the appointment, Stephen Harker says: “We are extremely pleased to welcome Jeff to the GLG Japan CoreAlpha team. I have known Jeff since we recruited him at TCW and, with his experience and understanding of managing investments in Japan, he will play a valuable role in helping us manage our portfolios which have grown substantially in size over the past two years.”
Jeffrey Atherton says: “The Japan CoreAlpha team is rightly held in extremely high esteem and it is with great excitement that I join them as they seek to continue their remarkably consistent record of outperformance in this increasingly popular asset class.”
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¹ Assets under management as at 7 March 2011.
² Source: Lipper 16/01/2006 to 31/01/2011, retail share class. Past performance is not a reliable indicator of future results.
³ There are 2287 funds with a five-year track record across all IMA sectors over the period 30/12/05 to 31/12/10. The GLG Japan CoreAlpha Fund is the only one to be ranked in the first quartile every year.
4 The awards shown are UK-based and have been awarded to the GLG Japan CoreAlpha Fund of the fund’s managers, based on performance within a UK universe for Japan mutual funds or chosen by UK-based professional fund buyers and analysts. Awards and ratings are for information purposes and should not be considered as an endorsement of the fund.