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: October 12th, 2010|
|Driss Ben-Brahim, a fund manager at alternative investment firm GLG Partners, has been selected to run GLG’s newest venture, a UCITS III version of...|
|Date: July 26th, 2010|
|After a dramatic increase in market volatility in May and June, very few hedge funds have seen positive returns in recent months - but those that did...|
|Date: June 17th, 2010|
|Following Man Group Plc's (LSE: EMG) $1.6 billion purchase of GLG Partners (NYSE: GLG) in May, Man Group's chief executive Peter Clarke stated that the...|
|Date: May 21st, 2010|
|This week, Man Group announced that it had reached an agreement to acquire hedge fund group GLG Partners. Britain-based Man Group will buy GLG for approximately...|
|Date: May 4th, 2010|
|Philippe Jabre, founder of Jabre Capital Partners and former co-founder of GLG Partners, believes that investors are excessively risk-averse and is bullish...|
|Date: April 21st, 2010|
|GLG Partners has made a number of significant additions to its investment team this week. The global hedge fund manager announced yesterday that it had...|
|Date: April 18th, 2010|
|An Asian equity long-short hedge fund called Iridium Asset Management focusing on commodity-related industries will be launched on May 3rd in Singapore...|
|Date: March 29th, 2010|
|Man Group Plc, which has more $40 billion in assets under management, is reportedly looking into new investments and acquisitions. A recent Bloomberg...|
|Date: March 28th, 2010|
|Fortress Investment Group LLC has lost Scott Lawin to Louis Bacon’s Moore Capital Management. According to Bloomberg news, Mr. Lawin, who was formerly...|
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|Date: January 23rd, 2010|
|Hedge fund manager GLG Partners (NYSE: GLG) is expanding into Asia by opening up offices in Hong Kong and Beijing. According to Reuters, the Hong Kong...|