Wednesday, 31 August 2016
Last updated 19 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%.