GLG Talks Takeover With Tisbury Capital

Mar 7 2008 | 10:44am ET

Flush with cash after going public late last year, GLG Partners may be in the acquisitions market.

The Financial Times reports that the London-based hedge fund is in prelimary talks with rival Tisbury Capital Management over a potential takeover.

Tisbury manages about US$2.2 billion, and could cost GLG about US$200 billion.

GLG, which listed on the New York Stock Exchange via a reverse merger in October, manages some US$30 billion.

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