Thursday, 23 March 2017
Last updated 1 hour ago
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.