Monday, 22 December 2014
Last updated 7 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.