GLG Partners - Investor Profile
|390 Park Avenue||Total AUM ($MM):||21,600|
|20th Floor||Equity AUM ($MM):||2,911|
|New York, NY 10022||Investment Style:||Multi-Strategy|
|Phone: 212-224-7200 ||Investor Type:||Hedge Fund Manager|
Institutional Investor Background
GLG Partners LP is a wholly owned subsidiary of Man Group, which acquired in the hedge fund manager in of October 2010. Prior to its acquisition by Man Group, GLG Partner was a NY-based alternative asset that was originally founded in September 1995 as a division of Lehman Brothers. In 2000, GLGH was restructured as a separate hedge fund entity. The three founding partners, co-CEO Noam Gottesman, Senior Managing Director Pierre Lagrange, and former partner Philippe Jabre, were previously traders at Lehman. Mr. Jabre left GLG Partners in 2006 and founded Jabre Capital in February 2007. In November 2007, GLG was taken public and started trading on the NYSE. Bankrupt entities of Lehman retain a 10% stake in the firm.
The GLG Partners platform manages over 25 offshore hedge funds using long-only and alternative strategies for high net worth and institutional clients. GLG launched a specialized European distressed debt fund managed by former King Street Capital Managing Director Galia Velimukhametova in 2009 after an impressive 84% return on its distressed strategy the prior year.
In April 2009, GLG acquired Societe Generale Asset Management UK, which had been Societe Generale's UK long-only asset management business. In April 2010, GLG acquired hedge fund manager Tisbury Capital Management and its investment team to manage event-driven strategies.
Tisbury Capital's team includes Gerard Griffin, who founded Tisbury in 2003, as well as Gerald Lucaussy. Following the transaction, the Tisbury Liquid Event Master Fund was renamed the GLG Tisbury Event Driven Fund.
The firm is headquartered in London and has significant investment operations in New York and operations in Hong Kong and Beijing.
Investor Regional and/or Country Focus: Asia, Emerging Markets, Europe, North America, United States
Founders and Key Executives of GLG Partners: Teun Johnston; Mark Jones; Pierre Lagrange; Emmanuel "Manny" Roman; John White; Jason Mackay*; Noam Gottesman*;
Entities related to GLG Partners: GLG Alpha Select Fund; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select
|Man Group plc; ||Ore Hill Capital; ||Tisbury Capital Management*|
*Denotes that the person or entity is no longer related to the firm. **If you would like to submit investor updates, please click here. ***Relevant firms may include firms where founders previously worked, funds that were spun-off from the firm, funds that were seeded by the firm and/or unrelated firms that were founded by veterans of the fund. For specific details, please review the Investor Background sections for each firm of interest.
GLG Partners's Top 10 Equity Holdings
|Facebook Inc (FB)
|Splunk Inc (SPLK)
|Walgreen Co (WAG)
|Taiwan Semiconductor Mfg. Co. Ltd (ADR) (TSM)
|QUALCOMM Inc (QCOM)
|Visa Inc (V)
|Discover Financial Services (DFS)
|Grifols S.A. - American Depositary Shares (GRFS)
|Atlas Energy L.P (ATLS)
|Pfizer Inc (PFE)
Articles Related to GLG Partners
|Date: January 17th, 2012|
|On 17 January 2012, Noam Gottesman, a founding partner and Principal of GLG Partners, Inc., stood down as co-CEO of GLG and has taken on the role of non-executive...|
|Date: September 15th, 2011|
|The pounding that many equity-focused hedge funds took in August has dimmed their prospects for a positive finish unless the equities market stages renowned...|
|Date: July 13th, 2011|
|GLG Partners, the much heralded European hedge fund is spawning a new UK-based version of its flagship hedge fund, which will managed by Pierre Lagrange....|
|Date: June 23rd, 2011|
|Man Group plc, which acquired GLG Partners last year, has announced the launch of its latest hedge fund offering. According to a press release, the Man...|
|Date: June 21st, 2011|
|London-based Man Group plc, which is already one of the world’s largest hedge fund management firms, is looking to aggressively build it client base...|
|Date: June 7th, 2011|
|Owl Creek Hong Kong Ltd., a subsidiary of hedge fund Owl Creek Asset Management, received its |
|Date: April 2nd, 2011|
|Man Group, already the world’s second largest hedge fund manager in terms of assets under management, has agreed to acquire the remaining 50% of Ore...|
|Date: March 16th, 2011|
|Fortress Investment Group (NYSE:FIG) has launched a macro hedge fund focused on Asia, joining other industry titans like GLG Partners and Soros Fund Management....|
|Date: March 11th, 2011|
|John Paulson’s Paulson & Co. received a securities license to operate in Hong Kong on February 21st, positioning the legendary hedge fund manager to...|
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|Date: November 23rd, 2010|
|The Dow Jones Industrial Average closed out the month of October 2010 at 11,118, having gained 269 points or 2.5% during the month. Since the beginning...|