GLG's Pierre Lagrange: engineer, entrepreneur and equities manager
Fri Mar 26, 2010
GLG's co-founder and equities head talks about his funds, his firm, his management style and his investing approach - and the outlook, after the last two extraordinary years, for a hedge fund industry that he has helped to define
If the hallmark of a successful hedge fund manager is to be
at once a skilled investor, a talented entrepreneur and an
exceptionally driven individual, then Pierre Lagrange would
seem to have what it takes on all three counts.
Together with his partner Noam Gottesman, Lagrange has built
GLG over the past 15 years into one of the best-respected and
most innovative investment houses in the alternative and
long-only space - while personally overseeing the growth and
management of the firm's flagship equity strategies.
Equities account for roughly 50% of GLG's $22 billion of net
assets under management - comprising 82% of the firm's $11.8
billion in long-only funds, as at the end of 2009, and 29% of
its $10.4 billion in alternative strategies.
The equities business is split across a wide and growing
range of alternative, long-only, 130/30, UCITS and other
strategies - having been substantially boosted by...
ISSN: 2151-1845 / CDC10004H
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