Man GLG promotes Houlden to co-manage Absolute Value fund

Houlden, who has spent nearly four years with Man GLG, has worked as an analyst on the fund since its June 2017 launch. Prior to joining Man GLG, he worked within the equities team at UBS. Garraway's Schembri: There's value somewhere in value Man GLG Absolute Value, which has £350m in AUM, seeks to identify companies with assets or returns that are undervalued by the market in long positions, and firms that are overvalued with deteriorating returns and outlook for short positions. The long/short fund aims to prove an absolute return in all market conditions net of fees in excess...