Thursday, 24 July 2014
Last updated 12 hours ago
Jan 14 2013 | 2:09am ET
GLG Partners’ top emerging markets managers are leaving the firm to launch one of their own.
Karim Abdel-Motaal and Bart Turtelboom’s exit comes amidst a restructuring at GLG owner Man Group that will see the business split into macro, fixed-income and currency units, with emerging markets split into each area.
Abdel-Motaal and Turtelboom took over the GLG Emerging Markets in late 2008 after Greg Coffey left the firm for Moore Capital Management. The duo joined from Morgan Stanley; Abdel-Motaal formerly worked at Tudor Investment Corp. and Turtelboom at Vega Asset Management.
During their four years at the US$1.5 billion Emerging Markets Fund, Abdel-Motaal and Turtelboom have posted annualized returns of 9.3%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…