GLG's new Asian equity team plans long/short strat

GLG Partners is readying an Asia long/short equity strategy that will be led by David Mercurio, formerly of Singapore's Government Investment Corporation (GIC). The creation of an Asia equity team and long/short equity hedge fund is part of the growth and diversification strategy of GLG's parent entity, Man Group. Man's largely European investor base has been seeking greater exposure to Asia, while its flagship trend-following fund, AHL, has received a mixed reception among inve…