GLG hits new fund launch trail again as firm's distressed strategies soar

Wed Feb 24, 2010




GLG Partners, the $22 billion London-based and New York-listed asset manager, is hitting the new fund launch trail again amid growing signs of a revival in its underlying business and in the hedge fund industry at large.


Manny Roman


The firm's recently released results for 2009 showed strong performance across its stable of alternative and traditional strategies and a steep bounce in the firm's assets under management as a result of the good performance and a return of net investor inflows.

Having suffered like most of the industry in the downturn of 2008, GLG - led by Noam Gottesman, Pierre Lagrange and Manny Roman - had a strong year of recovery across the board in 2009.

The firm's $10.4 billion...

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