Launches & Closures

GLG backs commitment to Asia with first regional offices


UK-based GLG Partners, one of the largest alternative asset managers in the world with $22 billion in total assets, is making a foray into Asia. The firm is setting up a research office in Hong Kong and a representative office in Beijing, and has relocated fund manager Anuj Muthreja to Hong Kong from London to facilitate that.

The move underpins GLG Partners' strong confidence and commitment to the exponentially growing Asian region. In time, the Hong Kong office may be turned into a full fledged branch for the firm, which has both investments and clients in the region.