Saturday, 29 August 2015
Last updated 15 hours ago
May 6 2010 | 1:51pm ET
GLG Partners halved its first-quarter loss as its assets under management soared 69%.
The London-based, New York-listed fund said it lost $60.8 million in the first quarter, down from $120.9 million a year earlier.
GLG’s assets under management rose to $23.67 billion, in part from $954 million in net inflows. Management fees rose 24% year-on-year, while performance fees plummeted 75%.
The firm’s revenue rose 3.9% to $53.7 million.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…