Tag Archives: glg-partners

GLG launches distressed fund targeting European company debt

CityWire – Hedge fund giant GLG Partners has launched a fund to exploit the debt problems across European corporations, according to report in the Financial Times. GLG, one of the world’s largest alternative asset managers, is said to have started trading […]

Barclays, GLG Partners, Abu Dhabi among Lehman claimants

Reuters – The list of investors filing billion dollar claims against Lehman Brothers illustrates the global damage caused by its collapse, with companies from the United States, Europe and Abu Dhabi making some of the largest demands. Barclays Bank, Morgan […]

A Mideast Fund’s Failing Fortunes

New York Times – Dubai’s once-heralded trophy assets now look more like lead weights, Breakingviews says. Istithmar World, one of the investment vehicles controlled by the emirate, has a portfolio that was estimated to be worth $9 billion last year. […]

George Soros snaps up GLG hedge fund star Robert Donald

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 […]

Hedge fund GLG looks to seed UK-listed oil producer

Reuters – GLG Partners, among the world’s largest hedge-fund managers, is launching an oil production company that will be listed on the London Stock Exchange this fall, people familiar with the plans said on Monday. GLG, based in London but […]

Brevan Howard Tops Alpha’s List of Best 50 Hedge Funds in Europe

West Palm Beach (HedgeCo.net) – Alpha Magazine unveiled the 2009 Europe Hedge Fund top 50, showing that that Europe was not immune to investor angst over hedge funds. A wave of investor withdrawals shapes the magazine’s annual ranking of the […]

GLG Partners Sells $214 Million Of Notes

West Palm Beach (HedgeCo.Net) – Hedge fund GLG Partners has completed its private offering of $214 million aggregate of dollar-denominated convertible subordinated notes due 2014. The notes bear interest at a rate of 5.00% per year and rank junior in […]

Moore Capital Said to Seek $500 Million for Coffey Hedge Funds

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 […]

GLG hedge fund executives reduce their salaries to $1

Financial Times – The top three executives at GLG Partners, until recently Europe’s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay. Noam Gottesmann and […]

GLG, Och-Ziff Earnings Slump on Hedge Fund Losses

Bloomberg – GLG Partners Inc., the hedge-fund firm founded as a unit of Lehman Brothers Holdings Inc., and Och- Ziff Capital Management Group LLC reported lower fourth-quarter profits as their funds posted losses. GLG’s profit excluding acquisition costs dropped 78 percent […]

Hedge firm GLG assets fall

Reuters – Hedge fund GLG Partners reported a further drop in assets on Thursday and said the cycle of investor redemptions in the industry was not yet over despite its funds’ performance perking up in January. The London-based, New York-listed […]

Investors joining hedge fund club get burned

Reuters – Two years ago, investors scrambled to snap up shares in elite hedge fund firms, eager for a piece of the lucrative action. What they got instead were big losses. Starting in early 2007, when hedge fund and private equity […]