GLG a more diverse offering

The fund's largest sector exposure is semiconductors and semiconductor equipment, which accounts for 24.8 per cent of the fund, with names such as Intel, ARM and Taiwan Semiconductor appearing in the top five holdings. Some of the fund's best long-term performers are AU Optronics, ARM, ASML, Antenna 3 Television, Research in Motion, Intel and WPP.

Unlike a number of other technology funds, GLG's geographic allocation is less focused on the US which only accounts for around 41 per cent of holdings.

While the fund has not done as well as its peers over certain periods, it was the third best-performing fund in the Investment Management Association's (IMA) Technology & Telecoms sector over one year, and the fourth best performer over five years.

GLG Technology Equity has a concentrated portfolio typically of between 40 and 60 holdings, which are predominantly liquid, medium- and large-cap securities. Stocks are identified via fundamental analysis considering issues such as supply and demand, competitive positions, business models and relative value, as well as market analysis.

Mr Pearson is GLG's senior European technology analyst and he has worked at the company since 2001. This followed stints at M&G as a technology fund portfolio manager and technology analyst at investment bank, UBS. Mr Burton has experience of running a hedge fund and has also held equity sales positions at investment banks, Nomura and Merrill Lunch specialising in technology equity sales.

Source: Morningstar, *GLG Partners as of 1 February.

Top 10 holdings as at January 2010

Geographic Asset Allocation