GLG European Strategy Goes Global

Oct 18 2013 | 1:00pm ET

GLG Partners has launched a new global version of its flagship European strategy.

The new fund is led by GLG co-founder Pierre Lagrange, Darren Hodges and Simon Savage. The three men already manage GLG's US$3 billion European Long/Short Fund, which is up 7.4% this year.

To facilitate the fund's broader focus, GLG, a unit of the Man Group, plans to hire traders and analysts with expertise in the U.S. and Asia, Bloomberg News reports. Lagrange is chairman of Man's Asia business.

The fund, which has not been announced publicly, began trading earlier this month.

The launch comes as Man seeks to roll out a variety of new products to stem asset losses from its flagship AHL strategy. Man posted its first quarterly inflow in two years in the third quarter, with most of the new money going to GLG funds.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of