Saturday, 25 April 2015
Last updated 16 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%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…