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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...