Hedge Fund News From HedgeCo.Net

GLG Trio Sit on $220 Million Man Loss

CNBC – Three principals of hedge fund GLG Partners are sitting on a $220 million paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger.

Monday will mark the first time that Pierre Lagrange, Emmanuel Roman, and Noam Gottesman, who swapped their stakes in GLG for shares in Man on Oct. 14, 2010, will be able to dispose of their holdings, if they choose.

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