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GLG reports first-half losses despite asset inflows

August 12, 2010  

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New York-listed GLG Partners has reported a GAAP net loss for the second quarter ended June 30 of $74.6 million. The non-GAAP adjusted net loss was $3 million – reflecting some $12 million of expenses relating to the proposed $1.6 billion merger with the London-listed Man Group.

The second quarter loss takes GLG’s first-half GAAP net...

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