Tuesday, 31 March 2015
Last updated 11 min ago
Jul 10 2008 | 6:03am ET
Greg Coffey is leaving big shoes to fill at GLG Partners. So big, in fact, that they will be filled by three people.
The London hedge fund completed its succession plan for the star manager, who is set to depart in October to found his own hedge fund, and continued its recent hiring spree with the addition of two Morgan Stanley veterans to take over three of Coffey’s funds, the Financial Times reports. Among the funds that Bart Turtelboom and Karim Abdel-Motaal will jointly run is Coffey’s—and the firm’s—largest, with US$4.6 billion in assets.
Earlier this week, GLG announced its hire of Driss Ben-Brahim from Goldman Sachs to take over a fourth Coffey fund. It has hired more than a dozen investment professionals in recent months.
Turtleboom and Abdel-Motaal co-ran Morgan Stanley’s fixed-income emerging markets team. The two will reportedly refocus Coffey’s funds on emerging markets, rather than the global macro strategy employed by their current manager.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…