GLG Global Credit Opportunities

GLG Global Credit Opportunities is an actively managed long/short credit strategy with a differentiated process, investing opportunistically across the entire performance spectrum of credit.

Run with a total return objective and aims to deliver strong risk-adjusted returns over the cycle
It has a global mandate and is run with a concentrated portfolio, focusing on special situations and distressed investments
Managed by a team with a wealth of experience investing in credit opportunities across the spectrum, with deep expertise investing across the capital structure including bonds, loans, CDS and post-reorg equities
A high conviction strategy seeking to generate alpha through a concentrated portfolio of names, focusing on highly idiosyncratic positions across a broad range of opportunities

The team focuses on a bottom-up approach with a repeatable data driven investment process, which includes dynamic selection to enable the strategy to position itself across regions and sectors.

A high conviction strategy and the team seeks to generate alpha through managing a concentrated portfolio of names, focusing on highly idiosyncratic positions across a broad range of opportunities.

Seek to develop an in-depth understanding of issuers as well as their supply chains, financing, revenue streams, customer bases, manufacturing processes, research and development, governance and management styles.

Multiple fundamental factors considered in the credit analysis including sustainable free cash flow, leverage, fixed charge cover and debt-to-enterprise value ratios are assessed on both an historical and forward-looking basis to derive how future credit quality may evolve.

Thematic approach to assess the macroeconomic backdrop, considering consumer trends, technology, demographics, regulation and other secular drivers that may impact the investment landscape at a regional, country, sector or issuer level.

Mike Scott, CFA

Head of Global High Yield & Credit Opportunities, Discretionary, Man Group

Yves Blechner

Portfolio Manager, Man GLG

Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs.
Our investment solutions offer optionality including: liquidity, control, investment restrictions, investor customisations and transparency.

UCITS

Alternative investment funds

US 40 ACT

Regional funds

Separate accounts

Advisory mandates

Managed accounts

Access to investment products and mandate solutions are subject applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In additions to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.

View our strategies

One should carefully consider the risks associated with investing, whether the strategy suits your investment requirements and whether you have sufficient resources to bear any losses which may result from an investment:

Investment Objective Risk - There is no guarantee that the Strategy will achieve its investment objective.

Market Risk - The Strategy is subject to normal market fluctuations and the risks associated with investing in international securities markets and therefore the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.

Counterparty Risk - The Strategy will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, ‘over-the- counter’("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.

Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.

Liquidity Risk - The Strategy may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility..

Concentration Risk - The Strategy invests in a limited number of investments may be held which can increase the volatility of performance.

Financial Derivatives - The Strategy will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.

Leverage - The Strategy's use of FDI may result in increased leverage which may lead to significant losses.

Emerging Markets - The Strategy may invest a significant proportion of its assets in securities with exposure to emerging markets which involve additional risks relating to matters such as the illiquidity of securities and the potentially volatile nature of markets not typically associated with investing in other more established economies or markets.

Non-Investment Grade Securities - The Strategy may invest a significant proportion of its assets in non-investment grade securities (such as “high yield” securities) are considered higher risk investments that may cause income and principal losses for the Strategy. They are instruments which credit agencies have given a rating which indicates a higher risk of default. The market values for high yield bonds and other instruments tend to be volatile and they are less liquid than investment grade securities.

Distressed Securities - The Strategy invests a significant proportion of its assets in securities issued by distressed companies that are either in default or in high risk of default, such investments involve significant risk.