GLG hits $23bn assets with $1.5bn inflows in Q2


GLG Partners has reported estimated net assets under management of approximately $23 billion at 30 June – incorporating inflows of $1.5 billion during the second quarter and $2.5 billion for the first half of 2010.

The firm has also estimated first-half dollar-weighted average returns of 3.8% for its alternative strategies and 2.1% for its 130/30 strategies, and a 4.4% average loss for its long-only strategies. These figures compare to index benchmark returns in the first half of the year of -7.1% for the MSCI World Index and -6.9% for the S&P 500.

“We saw robust net AUM inflows and continued