Man GLG launches hedged share class for European fund

The fund, managed by Rory Powe (pictured) who took over a year ago, has seen significant inflows this year, jumping from around £70m at the end of last year to its current size of £210m. Over the year to 20 October the fund has returned 37%, compared to the IA Europe ex UK sector average of 13.2%, according to FE Trustnet. Richard Phillips, managing director of UK retail, said the demand for the fund is "growing rapidly", prompting the decision to launch a hedged share class for investors who want access to Powe's performance without the currency exposure. The stocks driving GLG's ...