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: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of