GLG posts Q1 loss, assets and performance up

Thu May 13, 2010

New York-listed GLG Partners has reported a GAAP-adjusted net loss of $60.8 million for the first quarter, equating to $0.27 per fully-diluted share. The non-GAAP-adjusted net loss was $3.1 million, or $0.01 per share.

Net assets under management rose during the quarter, up 6.7% to $23.7 billion from $22.2 billion at the end of December. This reflected inflows of $954 million and performance gains totalling $1.3 billion, versus a loss from currency translation of $753 million. Year...

ISSN: 2151-1845 / CDC10004H

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