Man GLG merges Sanlam strategic bond fund into Man GLG fund
Investment strategy led by Craig Veysey, who joined Man GLG last year from Sanlam FOUR alongside deputy portfolio manager Francois Kotze.
Man GLG, Man Group’s discretionary investment management business, has merged the Sanlam Strategic Bond Fund it acquired last year into Man GLG Strategic Bond, a Dublin-based UCITS fund.
Man GLG acquired Sanlam FOUR’s strategic bond business in September 2018 as part of an agreement to hire lead portfolio manager Craig Veysey and deputy portfolio manager Francois Kotze. Following regulatory approval last month, this fund has been merged into Man GLG Strategic Bond, the existing Dublin-domiciled fund. The Man GLG fund now has assets of nearly £428 million as of 30th September 2019.
The strategic bond strategy is focused on investing in attractively valued corporate and government bond opportunities across the global bond universe. The investment approach is supplemented with a dynamic macro overlay strategy that seeks to enhance total portfolio returns.
Veysey, who has a career spanning over 19 years in the fund management industry, launched the strategy in 2012. Since inception, it has returned 70.29%, ranking it top decile.
Kotze initially joined Veysey at Sanlam as an analyst shortly after launch of the Strategy in April 2012.
Teun Johnston, CEO of Man GLG, said: “We are pleased to have gained shareholder approval for the merger, allowing us to offer this fund to a broad group of investors. Craig and Francois have integrated seamlessly into Man GLG since joining, and as we continue to build out our credit offering we believe this strategy will be compelling for investors seeking a high-quality bond fund with a total return focus.”
 Source: Man Group database, MSCI and Bloomberg. As at 30/09/2019. Past performance is not indicative of future performance.