GLG To Cap Market-Neutral Fund At US$1B

Apr 19 2011 | 1:33am ET

GLG Partners will close one of its flagship hedge funds to new investors within weeks at it seeks to preserve its ability to post big returns.

The London-based hedge fund, now part of the Man Group, will stop accepting new investors for its Market Neutral Fund when the vehicle reaches US$1 billion in assets under management.


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