GLG Fund Of Funds Founder To Leave

Jan 25 2010 | 8:11am ET

GLG Partners’ fund of hedge funds chief has retired after nine years, the last several of them less-than-successfully.

Paul Harvey, who co-founded the London-based hedge fund’s multimanager business in 2001 after leading prime brokerage sales at Morgan Stanley, will leave at the end of February, the firm said. He has also given up his directorship of GLG’s MMI Enhanced and Diversified funds, the Irish-listed funds he launched in 2004.

Harvey will be succeeded by Luke Ellis, the former Financial Risk Management CEO, who will join GLG in the new post of non-executive chairman. Day-to-day operations of the fund of funds business have been turned over to Neil Hobson and Jonathan Howard.

Both the Enhanced and Diversified funds have suffered through several tough years.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…