Service Providers
New GLG Long-Only Fund Raises £150M
November 10, 2009
It took just three months, but GLG Partners’ new UK Select Fund is already full.
Well, its standard share class is full, anyway. The firm has raised £150 million for the share class, its capacity. Investors who still want a piece of the long-only fund will have to invest in its performance fee share class, and pay a 20% performance fee on returns over its benchmark, Investment Week reports.
“Having just launched the fund about 12 weeks ago, the level of interest has been extremely positive,” Richard Phillips, co-head of the British retail business at GLG, told IW.
- Share:
-
-
-
-
-
-
-
-
-
-
Print This
Send This
ReprintsMore News
- Steel Wins Dismissal Of Icahn Bid To Block Restructuring
- Madoff Lieutenant Moved To Suburban Jail
- Jupiter Puts New Star Hire On Top Fund
- Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?
- Alleged Pequot Tipster Said Samberg Sought Insider Information
- Odey Cuts Back On Stocks After Big October Loss
- Petters Takes The Stand, Points Fingers
- Oaktree In $250 Million Bond Sale
- Harbinger Sells Off More Times Shares
- Gartmore Set To Float on LSE In December
- List Of New Goldman Sachs Managing Directors
- Buy-Side Traders Fear ‘Unintended Regulatory Consequences’
- Touradji Blames ‘Disgruntled’ Ex-Employees For Amaranth Lawsuit
- Phibro Seeks Hedge Fund Investors As Sale Nears
- Bank Break-Up Rule Would Apply To Hedge Funds
Sign Up For FINalternatives
Upcoming Events
This Week's Most Viewed
Guest Contributor
Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
- Part I: Hedge Fund Due Diligence -- Insider Trading
- Mandatory Forex Registration Looms Large
- Leveling the playing field? House Committee Approves SEC Registration For Some Private Fund Advisers, Exempts Others
More guest contributors
Cleantech Corner
Report: World’s Biggest Firms Still Bullish on Cleantech
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...
- New Private Equity Firm To Focus On Cleantech Sector
- Soros Announces $1 Billion-Plus Commitment To Clean Energy
- Ambienta Raises $317 Mil. Environmental Fund
More Cleantech
