{"id":7103,"date":"2008-02-07T00:00:00","date_gmt":"2008-02-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-firm-glg-partners-says-assets-rise","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2008\/hedge-fund-firm-glg-partners-says-assets-rise.html","title":{"rendered":"Hedge fund firm GLG Partners says assets rise"},"content":{"rendered":"<p>Reuters- GLG Partners, one of Europe&#8217;s largest hedge funds, reported strong asset inflows on Wednesday and said prospects for future expansion remained bright. London-based GLG, which floated in New York last year, said net inflows during the three months to end-December were $2.9 billion and net assets under management at end-December were $24.6 billion, 20 percent up on end-September figures. <\/p>\n<p>Net adjusted income on a non-GAAP basis rose 72 percent to $127.1 million for the fourth quarter. On a GAAP basis the net loss was $315.8 million, which takes into account share-based and other compensation in last year&#8217;s listing via a reverse takeover.<\/p>\n<p>Performance fees rose 54 percent to $334.8 million in the fourth quarter on a year ago.<\/p>\n<p><a href=\"http:\/\/today.reuters.com\/news\/newsArticle.aspx?rpc=77&#038;type=fundsNews2&#038;storyID=2008-02-06T125507Z_01_L06827224_RTRIDST_0_GLG-RESULTS-UPDATE-1.XML\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- GLG Partners, one of Europe&#8217;s largest hedge funds, reported strong asset inflows on Wednesday and said prospects for future expansion remained bright. London-based GLG, which floated in New York last year, said net inflows during the three months to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7103","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7103"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}