GLG Loses Three Other Traders, Managers

Apr 28 2008 | 7:16am ET

Greg Coffey isn’t the only top GLG Partners trader beating a hasty retreat from the newly-public London-based hedge fund.

Udo Herschel, who managed capital-structure arbitrage at GLG, left the firm earlier this year, according to Financial News. In addition, Asian securities trader Michael O’Connor has resigned and global macro fund manager Ben Gill has decided to leave the hedge fund industry altogether.

Like Coffey, Herschel, O’Connor and Gill are among the 35 GLG executives who share in the fund’s profits.

Coffey, GLG’s top hedge fund manager, announced his departure from the firm last week and will found his own hedge fund after leaving GLG in October.

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GLG's Coffey Quits Again
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