GLG Registers With SEC

Jan 25 2008 | 1:00am ET

GLG Partner’s U.S. subsidiary has registered as an investment adviser with the Securities and Exchange Commission, it said yesterday.

“The SEC registration marks a key step in our pursuit of the U.S. alternative asset management market,” said Noam Gottesman, Chairman and Co-CEO of GLG, of the registration of GLG Inc.

London-based GLG is one of the largest hedge fund managers in Europe, with some US$20 billion in assets under management. GLG went public via a US$3.4 billion reverse merger last year, and its shares now trade on the New York Stock Exchange.

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