GLGer Who Withdrew Resignation May Still Quit

Apr 16 2008 | 2:05am ET

Greg Coffey, the GLG Partners hedge fund manager who resigned on Monday only to un-resign yesterday, may yet leave the firm.

Coffey, who runs five funds with US$7 billion in assets at the London hedge fund shop, plans to start his own hedge fund, Bloomberg News reports. The Australian joined GLG five years ago.

According to a filing with the U.S. Securities and Exchange Commission, GLG and Coffey are “in discussions concerning a range of options for the future” in the wake of his decision to withdraw his resignation.

RELATED STORIES

GLG Accounting Change Wipes Out ’06, ’07 Profits


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...