GLG Partners Sees $2.5 Billion In New Inflows In First Half

Jul 20 2010 | 9:31am ET

Asset management powerhouse GLG Partners took in $2.5 billion in net inflows in the first half of the year, bringing its assets under management to approximately $23 billion.

The NYSE-listed firm's alternative investment strategies saw a return of 3.8%, which lagged the broader markets—the MSCI World Index returned 7.1% and the S&P 500 Index returned 6.9% for the same period.

GLG's 130/30 strategies gained 2.1% for the first half, while the firm's long-only strategies performed the best with a 4.4% gain.

"We saw robust net AUM inflows and continued to deliver strong performance for our investing clients across the GLG platform despite turbulent market conditions in the second quarter,” said Noam Gottesman, chairman and co-CEO of GLG.

In May, the Man Group announced that it would pay US$1.6 billion to buy GLG Partners. The deal is slated to close in September.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note