Coffey Successors To Strike Out From GLG

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%.

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