Times Online – GLG Partners, the London-based hedge fund, is on the point of losing a star fund manager this weekend in a situation that mirrors the high-profile departure of another top manager, Greg Coffey, last year.

Robert Donald, who manages part of the $1.5 billion (£1.3 billion) European fund with Pierre Lagrange, is planning to leave GLG after six years to work with the legendary financier George Soros.

However, sources close to New York-listed GLG said the situation was still live. ”He has not formally resigned, though he has indicated his desire to leave,” one said.

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Tags: coffey, desire, financier george soros, glg-partners, hedge fund, lagrange, london, six-years, star fund

Bloomberg – Moore Capital Management LLC is seeking to raise as much as $500 million for two new hedge funds run by Greg Coffey, the top-ranked money manager who joined the company last year after quitting GLG Partners Inc., according to an investor.

The funds, both focused on emerging markets, started trading April 1, said the investor, who asked not to be identified because the information is private. Fees are 2 percent of assets, standard for the industry, and 25 percent of investment gains, more than the typical 20 percent.

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Tags: april 1, assets, bloomberg, capital-management-llc, coffey, emerging-markets, glg-partners, investment gains, investor, money manager, moore capital management, partners inc, private fees