Fact-checked by Grok 2 weeks ago

GLG Partners

GLG Partners was a London-based founded in 1995 by , , and Jonathan Green, initially as a unit within before becoming independent, specializing in discretionary strategies across equities, credit, and multi-asset classes. In 2010, plc acquired GLG Partners for a total consideration of approximately $1.6 billion, including cash and shares, making it a wholly owned and integrating it as Man GLG to expand the parent's capabilities in fundamental, research-driven . Following the acquisition, Man GLG managed a diverse portfolio of hedge funds, long-only products, and collateralized loan obligations. In February 2024, as part of a strategic reorganization under new CEO Robyn Grew, retired the GLG brand and merged its discretionary trading units into broader capabilities focused on systematic, discretionary, and solutions-based approaches, while the former GLG teams continued to operate within the enlarged firm. In November 2024, completed the by changing the names of the former Man GLG funds. This restructuring aimed to streamline operations and enhance focus on high-growth areas like markets, building on earlier expansions such as the 2015 acquisitions of Silvermine Capital Management and NewSmith LLP by Man GLG.

History

Founding and early development

GLG Partners was founded in 1995 by , , and Jonathan Green as a unit within the London office of . The three founders, who had previously worked together at before joining Lehman, brought expertise in equity trading to establish the operation. This unit operated with significant autonomy, allowing the founders to define its economic structure and investment approach. The initial focus of GLG was on long-short trading strategies, leveraging the founders' experience in and market-neutral positions from their time at and . In 1997, Philippe Jabre joined as a key early hire and managing director, launching the firm's first market-neutral convertible fund, which expanded the strategy portfolio. These efforts were supported by the establishment of headquarters in , serving as the central hub for operations and talent recruitment in the European market. In 2000, GLG spun off from to become an independent , with Lehman retaining a 20% minority stake initially. At the time of independence, the firm managed approximately $4 billion in , reflecting rapid early growth from its proprietary roots. This transition enabled GLG to pursue broader expansion while maintaining its core emphasis on equity-focused strategies.

Expansion and public listing

During the early 2000s, GLG Partners experienced rapid expansion, growing its from approximately $4 billion at its independence from in 2000 to over $20 billion by 2007. This growth was driven by the launch of multiple funds and the attraction of institutional investors seeking diversified strategies. The firm's founders played a key role in steering this scaling by leveraging their networks to build a multi-strategy platform. A significant milestone in GLG's diversification came with the launch of additional funds focused on emerging markets and convertible arbitrage during this period, complementing its core equity long-short offerings. By 2006, the firm managed around 30 funds spanning , , and strategies, with a particular emphasis on niche sectors to appeal to sophisticated investors. These initiatives helped solidify GLG's position as Europe's largest independent manager at the time. In April , GLG further expanded through the acquisition of Asset Management UK (SGAM UK), which added $8.2 billion in and broadened its capabilities into long-only strategies for retail and institutional clients. The deal, initially announced in December 2008, was completed in the first half of and was expected to be earnings-accretive, enhancing GLG's footprint in the market. To access broader capital markets, GLG pursued a public listing in 2007 via a reverse merger with Freedom Acquisition Holdings, a . The transaction, completed in November 2007, valued GLG at approximately £3.3 billion (or about $3.4 billion) and involved GLG's owners receiving $1 billion in cash plus 230 million shares of Freedom stock. This structure renamed the combined entity GLG Partners Inc. and enabled its shares to trade on the , providing enhanced visibility and liquidity in the U.S.

Acquisition by Man Group

On May 17, 2010, Man Group plc announced its agreement to acquire GLG Partners, Inc. for approximately $1.6 billion (£1.1 billion), valuing GLG's fully diluted share capital and positioning GLG as a wholly owned subsidiary of Man Group. The transaction included a cash offer of $4.50 per share for GLG's public stockholders and a share exchange for GLG's principals, funded through Man's existing resources and the issuance of about 163 million new Man shares. This deal aimed to combine Man's quantitative and systematic strategies with GLG's multi-strategy, discretionary approach, creating a diversified alternative asset manager. The acquisition was completed on October 14, 2010, after receiving necessary regulatory approvals and shareholder consents, resulting in a combined entity with approximately $63 billion in . GLG's approximately $23.7 billion in assets as of March 31, 2010, integrated with Man's existing funds to enhance scale and product diversity. Post-completion, integration efforts focused on merging operations, sales, and strategies while targeting $50 million in annual cost savings, with one-third realized by the end of 2011. As part of the integration, GLG's brand was retained initially to preserve its identity, and its leadership structure remained largely intact, with key principals transitioning to senior executive roles at . Founders and , along with , received payouts in Man Group shares totaling approximately $560 million (with receiving about $402 million and and each about $79 million)—and agreed to three-year lock-ups on their new shares and non-compete commitments, effectively stepping back from day-to-day operational management while providing strategic oversight. This structure supported Man's expansion into multi-style , broadening its offerings beyond traditional hedge funds.

Business operations

Investment strategies

Following the retirement of the GLG brand in February 2024, the former GLG Partners' discretionary multi-manager platform was integrated into Man Group's broader discretionary investment engine, continuing to allocate capital to a diverse array of independent portfolio managers who employ specialized strategies to generate returns across various market conditions. Its core offerings include long-short funds, which involve taking long positions in undervalued and short positions in overvalued ones to capitalize on movements; arbitrage funds, focusing on discrepancies between convertible securities and underlying equities; emerging markets funds targeting opportunities in developing economies; and funds that bet on broad economic trends through instruments like currencies, commodities, and interest rates. This multi-strategy framework allows the discretionary engine to pursue returns while adapting to global market dynamics. Following its acquisition by in 2010, GLG evolved its product suite to incorporate long-only mutual funds designed to comply with U.K. regulations, enabling broader access for retail and institutional investors through structures like UCITS funds. This shift complemented its focus, allowing GLG to offer traditional long-only and fixed-income strategies alongside its investments, thereby diversifying its client base and aligning with regulatory standards for transparency and investor protection. The integration facilitated the launch of combined offerings, such as multi-strategy UCITS funds blending GLG's discretionary approaches with Man's quantitative capabilities. In 2015, GLG strengthened its capabilities through targeted acquisitions: Silvermine Capital Management, which specialized in credit strategies including leveraged loans and collateralized loan obligations (CLOs), enhancing GLG's fixed-income and alternative offerings; and NewSmith LLP, adding sector-specific emerging markets expertise across Asian, European, and global mandates to deepen its long-short and long-only portfolios. These moves expanded GLG's reach into high-yield and thematic , integrating specialized teams into its multi-manager . To manage portfolio risks, the discretionary engine employs practices such as trading strategies, where similar approaches are replicated across multiple funds to achieve diversification and shared monitoring, while independent managers maintain in execution. This structure supports robust oversight, including centralized and position limits, to mitigate concentration risks inherent in alternative investments.

Assets under management

GLG Partners' (AUM) experienced substantial growth in its early years, expanding from approximately $1 billion in 2000 to around $21.5 billion by mid-2007, driven by strong performance in strategies. Following its acquisition by in 2010, when GLG's AUM stood at $23.7 billion, the division continued to scale, reaching circa $28 billion by the end of 2022. As of May 2025, Man Group's discretionary investment engine (formerly ) managed $41.3 billion in discretionary AUM, reflecting ongoing expansion amid favorable market conditions. This represented approximately 19% of Man Group's total AUM of $213.9 billion as of September 2025, with the portfolio emphasizing alternative investments such as equity long-short and macro strategies. Performance highlights from GLG's long-short funds contributed to this growth, delivering annualized returns of about 10.2% from their 2000 inception through 2008, outperforming broader markets during periods of . In , GLG operated with 71 employees, primarily based at its headquarters and supporting global offices in , , and .

Leadership and key personnel

Founders

GLG Partners was co-founded in 1995 by Noam Gottesman, Pierre Lagrange, and Jonathan Green, who derived the firm's name from the initials of their surnames. The trio met in the early 1990s while working in the private client group at Goldman Sachs International in London, where they gained expertise in managing global equity portfolios for high-net-worth clients. Leaving Goldman, they established GLG as a proprietary trading unit backed by Lehman Brothers, initially focusing on developing a trading desk for hedge fund strategies including equities and arbitrage. Noam Gottesman, an American-Israeli businessman, served as an executive director at prior to the founding, where he oversaw equity investments. At GLG, he played a pivotal role in building the initial trading operations and later became co-CEO, helping to spin the firm independent from Lehman in 2000. Following the 2010 acquisition of GLG by , Gottesman continued as co-CEO until stepping down in January 2012 to a non-executive chairman role for GLG's business, shifting his focus to , becoming a trustee at and a board member of the Tate Gallery Foundation, while also supporting causes like the through significant donations. Pierre Lagrange, a Belgian national, brought experience from , where he managed equity portfolios starting in 1990. As a key figure at GLG, he specialized in equity long-short strategies and led funds like the GLG European Long-Short Fund. Lagrange remained with the firm after the acquisition, receiving up to $250 million in shares as part of the deal, and continued in operational roles until December 2016, when he transitioned to a senior advisory position at . Jonathan Green, a co-founder, contributed arbitrage expertise developed during his time at and was instrumental in launching GLG's early funds, though he maintained a lower public profile. Green departed the firm in 2003 to pursue other ventures. Collectively, the founders secured ' backing to raise initial capital and rapidly expanded GLG, growing it into Europe's third-largest manager by 2007 with over $20 billion in . The 2010 Man Group acquisition valued GLG at $1.6 billion and provided substantial returns to the principals.

Current executives

Since the rebranding and of GLG Partners into Man Group's discretionary investment business in 2024, the leadership oversees , long-only, and (CLO) strategies through a unified structure. Steven Desmyter, President of , assumed direct oversight of the discretionary division in July 2025, in addition to his responsibilities for sales and marketing, focusing on enhancing multi-manager platforms and stemming from post-2010 acquisitions. In a parallel leadership change that month, Greg Bond was elevated to Global , providing strategic direction across discretionary and systematic operations while prioritizing the fusion of multi-manager talent and expertise acquired in prior years, such as expansions into and equities. Within the discretionary pillar, equities are led by Nick Wilcox, Managing Director for Discretionary Equities, who drives product development and business growth in equity-focused hedge and long-only funds. strategies, including high-yield and CLO components, are headed by Mike Scott, who manages global high-yield and opportunities, emphasizing risk-adjusted returns in fixed-income alternatives. As an integrated subsidiary of , the discretionary business reports to the parent company's Executive Committee, which includes representation from senior executives such as CEO Robyn Grew and board chair Anne Wade, ensuring alignment with overall firm governance.

Legal and regulatory issues

SEC settlement

In 2013, the U.S. Securities and () investigated GLG Partners L.P. and its then-holding company GLG Partners Inc. for failures in internal controls related to the valuation of illiquid assets in the GLG Emerging Markets Special Assets 1 Fund (EMSA1 Fund), a side-pocket fund associated with GLG's emerging markets strategy. The allegations centered on GLG's overvaluation of a 25% stake in Sibanthracite Plc, a company, acquired for $210 million in March 2008. Despite receiving information in late 2008 indicating the stake's fair value was approximately $160 million lower—based on a analysis—GLG failed to adjust the valuation or adequately inform its independent pricing and valuation committee, leading to persistent overvaluations through November 2010. This resulted in inflated management and administration fees totaling about $7.8 million charged to investors, as well as overstated in GLG Partners Inc.'s filings, creating undisclosed conflicts between the firm's fee interests and investor protections. The found that these deficiencies violated Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the , along with related rules requiring accurate reporting and books and records maintenance. GLG's emerging markets funds, which employed long-short strategies, were particularly affected, as the EMSA1 Fund held segregated, illiquid positions from prior activities, amplifying risks in discretionary valuation practices. The covered conduct from 2008 to 2010, predating but extending into the period following Man Group's 2010 acquisition of GLG, though the issues stemmed from pre-acquisition operations under GLG's independent management. On December 12, 2013, GLG Partners L.P. and GLG Partners Inc. settled the charges without admitting or denying the findings, agreeing to a cease-and-desist order and payment of nearly $9 million in total: $7,766,667 in of excess fees, $437,679 in prejudgment , and $750,000 in civil penalties. The and penalties were directed to a Fair Fund for distribution to harmed investors in the affected funds, providing restitution for overcharged fees. In response, GLG committed to enhancing its valuation and compliance policies, including stronger internal controls for illiquid asset pricing and better disclosure to valuation committees, aligning these practices with Man Group's broader regulatory standards post-acquisition. The settlement underscored risks in discretionary trading and valuation of assets but did not result in further sanctions or operational disruptions for GLG's ongoing business.

Other disputes

In 2014, media tycoon , owner of Plc, filed a lawsuit against GLG Partners and , alleging that GLG failed to adequately warn him of the risks associated with a complex 2007 derivatives transaction known as a swap. Desmond claimed the deal, into which he invested £50 million, resulted in significant losses upon early termination in 2008, seeking damages of up to £20 million. GLG denied providing advisory services and maintained that Desmond, as a sophisticated investor, had made an independent decision. The case was settled out of court in December 2014 for a reported sum exceeding £10 million, with no admission of liability by the defendants. Following Man Group's 2010 acquisition of GLG, the firm underwent additional regulatory oversight in the UK as part of broader post-financial crisis examinations of operations, including reviews by the (FSA) of long-only funds during 2011-2012; these did not result in any fines or enforcement actions against GLG. Despite these challenges, the firm has sustained strong investor confidence, evidenced by Man Group's reaching $193.3 billion as of 30 June 2025, with no material ongoing litigation reported as of November 2025.

References

  1. [1]
    Founders of GLG set to share £1bn in float | Business - The Guardian
    Jun 26, 2007 · Founders Noam Gottesman, 45, and Pierre Lagrange, 44, will each get £135m in cash and £340m in shares after a listing in New York and, possibly later, London.
  2. [2]
    GLG Partners - Crunchbase Company Profile & Funding
    GLG is a discretionary investment manager that offers absolute return and long-only strategies across asset classes, sectors, and regions.
  3. [3]
    About Us - Man Group
    We are an active investment management firm focused on delivering attractive performance and client portfolio solutions.
  4. [4]
    FACTBOX-Key details on Man Group and GLG Partners - Reuters
    May 17, 2010 · London-listed hedge fund manager Man Group <EMG.L> announced a deal to buy New York-listed GLG Partners <GLG.N> for $1.6 billion.
  5. [5]
    Man Group drops GLG brand and division head exits - Citywire
    Feb 2, 2024 · Hedge fund giant Man Group has dropped its $28.6bn GLG brand, with the head of the division Teun Johnston also leaving the business.
  6. [6]
    GLG Partners LP/GLG LLC - Fitch Ratings
    Mar 10, 2023 · GLG Partners LP and GLG LLC (Man GLG) are fully owned subsidiaries of Man Group PLC (Man or Man Group), one of the world's largest publicly listed alternative ...
  7. [7]
    Man Group retires GLG brand as new chief hones credit strategy
    Feb 1, 2024 · Man Group, the world's largest publicly listed hedge fund, is retiring the GLG brand and merging some of the firm's teams as it advances into credit markets.
  8. [8]
    Man Group Drops GLG Brand and Boss Under New CEO's Revamp
    Feb 1, 2024 · Man Group Plc is merging its discretionary trading units in a reorganization that includes the departure of GLG's chief executive officer Teun Johnston.
  9. [9]
    Man Group drops GLG, Varagon brands amid credit push
    Feb 2, 2024 · Man Group is retiring the GLG, Man Global Private Markets and Varagon brands as it strengthens its focus on the credit market.
  10. [10]
    Global Best hedge fund manager: GLG Partners - Euromoney
    Jul 13, 2006 · GLG was founded in 1995 by former Goldman Sachs bankers Noam Gottesman, Pierre LaGrange and Jonathan Green (who has since left) as a division ...
  11. [11]
    History of expansion at multi-strategy pioneer
    Noam Gottesman founded the business that became GLG with Pierre Lagrange and Jonathan Green in 1995 as part of Lehman Brothers. Philippe Jabre joined two ...Missing: Partners | Show results with:Partners
  12. [12]
    Pierre Lagrange: 32 Years in Finance - The Hedge Fund Journal
    ... founders, Jonathan Green and Noam Gottesman, had operational autonomy and defined economics. ... • GLG Partners founded, initially within Lehman Brothers
  13. [13]
    GLG Partners LP - Company Profile and News - Bloomberg Markets
    ADDRESS. 1 Curzon Street London, W1J 5HB United Kingdom. WEBSITE. www.man.com. NO. OF EMPLOYEES. --. Executives. Name/Title. Timothy Wong "Tim". Chairman:Asia.Missing: office headquarters founding
  14. [14]
    The Undaunted | Institutional Investor
    GLG Partners would violate a covenant on a $570 million loan from Citigroup that the two men had used to take the company public in an unusual reverse merger.
  15. [15]
    Jabre Outwits London Censurers With Geneva's Hot New Hedge Fund
    Jun 21, 2007 · By 2000, GLG Partners oversaw about $4 billion. The firm spun off from Lehman Brothers and began to split profits five ways, with equal ...<|control11|><|separator|>
  16. [16]
    Hedge fund GLG eyes U.S. listing with reverse deal - Reuters
    Aug 9, 2007 · GLG shareholders, including co-founders Noam Gottesman, Pierre Lagrange and Green, will invest half of the $1 billion in proceeds from the deal, ...
  17. [17]
    [PDF] GLG Partners, iNC. ANNUAL REPoRT 2008 AND PRoxy STATEMENT
    Like the markets, asset management strategies are cyclical. For that reason, among others, we have always been and continue to develop as a multi-strategy firm.
  18. [18]
    Q&A with Pierre Lagrange, GLG Partners - The Hedge Fund Journal
    Pierre Lagrange, a co-founder of GLG Partners, is the lead manager of the ... long/short equity hedge fund; explain this. A: The fund has two ...
  19. [19]
    GLG Partners completes SGAM acquisition - Professional Pensions
    The two firms announced in December that SocGen would sell its equity holdings in SGAM UK, which manages US$8.2bn in retail and institutional assets, to GLG. It ...
  20. [20]
    GLG Partners to buy SocGen UK asset management arm | Reuters
    Dec 19, 2008 · Hedge fund firm GLG Partners is to buy the UK fund management unit of French bank Societe Generale to diversify its business, ...
  21. [21]
    [PDF] Société Générale Asset Management sells its London subsidiary ...
    Dec 19, 2008 · This transaction will be achieved through the sale to GLG of SGAM's shares in SGAM. UK and is expected to be finalised during the first half ...
  22. [22]
    Hedge fund GLG eyes U.S. listing with reverse deal - Reuters
    Aug 9, 2007 · ... Freedom Holdings common stock, worth about $2.4 billion. ... Following the deal with Freedom, the combined company will be named GLG Partners Inc.Missing: merger | Show results with:merger
  23. [23]
    GLG Partners - Wikipedia
    Man GLG (formerly GLG Partners) is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc.
  24. [24]
    GLG Partners To Go Public Through $3.4 Bln Reverse Acquisition ...
    Jun 25, 2007 · Based on Freedom's closing share price on June 22, 2007, the transaction values GLG at approximately $3.4 billion. Reverse acquisition is a way ...
  25. [25]
    GLG Partners Completes Reverse Acquisition Transaction with ...
    Nov 3, 2007 · Effective upon the completion of the transaction, Freedom changed its name to GLG Partners, Inc. On November 5, 2007, the common stock, warrants ...Missing: listing | Show results with:listing
  26. [26]
    [PDF] For Immediate Release - Man Group
    May 17, 2010 · The Merger Agreement includes customary terms regarding the conduct of GLG's business pending implementation of the Acquisition, including an ...<|control11|><|separator|>
  27. [27]
    [PDF] Press Release - Man Group
    Oct 14, 2010 · Man Group acquired GLG, creating a multi-style asset manager with $63 billion under management. GLG is now a wholly owned subsidiary of Man.
  28. [28]
    Man Group Nets Around $23.5 Billion In Additional AuM With GLG ...
    Oct 15, 2010 · Man Group yesterday completed its acquisition of rival hedge fund firm GLG ... group's total funds under management to around $63 billion.
  29. [29]
    Why GLG Partners Sold Itself To Man Group | Institutional Investor
    May 17, 2010 · Top Man and GLG Partners executives Monday gathered for a press conference to announce the details behind a truly transformational $1.6 billion merger.<|control11|><|separator|>
  30. [30]
    424B3 - SEC.gov
    On November 2, 2007, we completed the acquisition of GLG Partners Limited, GLG Holdings Limited, Mount Granite Limited, Albacrest Corporation, Liberty Peak Ltd.<|control11|><|separator|>
  31. [31]
    GLGAMUX Quote - Man GLG Atlas Macro Alternative Fund
    GLG Investments VI PLC - GLG Atlas Macro Alternative is an open-end fund incorporated in Ireland. The Fund's objective is to provide investors with positive ...
  32. [32]
    GLG Partners - Investorlist
    GLG Partners, established in 1995, is a London-based hedge fund specializing in alternative investments. The firm offers a diversified range of strategies, ...
  33. [33]
    Strategies landing page - Man Group
    Emerging Markets Equity (Systematic). Learn more · Flexible Credit. Learn more · High Yield. Learn more · Investment Grade Credit. Learn more · Multi-Strategy ...
  34. [34]
    Man Group enters long-only market with GLG acquisition | News | IPE
    May 17, 2010 · The acquisition of GLG Partners, which is expected to be completed by the end of September 2010, will create an alternative investment ...<|control11|><|separator|>
  35. [35]
    Man launches first multi-strategy UCITS fund combining AHL and ...
    Man Group plc has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man's acquisition of GLG Partners, Inc.
  36. [36]
    [PDF] Acquisition of GLG by Man Group - Presentation to Investors
    May 17, 2010 · Emerging markets: Barclays Emerging Markets Index. Convertible arbitrage. Distressed securities. Event driven. Equity long/short. Equity market.
  37. [37]
    Man Group completes acquisition of Silvermine Capital Management
    Man Group has completed the previously announced acquisition of Silvermine Capital Management, a Connecticut-based leveraged loan manager.
  38. [38]
    Man to buy US CLO manager - Private Debt Investor
    Dec 18, 2014 · Man Group, the London-headquartered alternative investment firm, has entered into an agreement to acquire Silvermine Capital Management.
  39. [39]
    Man announces NewSmith acquisition - The Hedge Fund Journal
    Feb 20, 2015 · The acquisition is expected to complete in the second quarter of 2015, subject to regulatory and other approvals. Upon completion, the four ...
  40. [40]
    https://thehedgefundjournal.com/news/man-announces-newsmith-acquisition/
  41. [41]
    [PDF] Investing in Skill - Man Group
    Mar 16, 2022 · At Man GLG, we have two overriding principles in hiring and supervising portfolio managers: 1) we have no house view – portfolio managers are ...
  42. [42]
    [PDF] Man Group plc Annual Report 2022 - AnnualReports.com
    Dec 31, 2022 · As at 31 December 2022, $50.0 billion of Man Group's total AUM ... Man FRM, Man GLG and Man Numeric and exclude our private markets.
  43. [43]
    GLG Partners LP - AUM 13F
    Track the AUM, funds, and holdings for GLG Partners LP over time. View the latest funds and 13F holdings. Compare against similar firms.Missing: 2007 | Show results with:2007<|separator|>
  44. [44]
    Man Group shares jump as assets under management rise 22% to ...
    Oct 17, 2025 · Shares of Man Group hit a six-month high on Friday, after the hedge fund posted a 22% increase in assets under management to a record $213.9 ...Missing: GLG | Show results with:GLG
  45. [45]
    Trading statement for the quarter ended 30 September 2025
    Sep 30, 2025 · Man Group announces its trading statement for the quarter ended 30 September 2025. ... Assets under management (AUM) of $213.9bn as at 30 ...
  46. [46]
    Noam Gottesman - Traders Log
    The fund was founded by Noam Gottesman, Pierre Lagrange and Jonathan Green. The three, whose last names make up the name GLG, met while they worked in Goldman ...Missing: background | Show results with:background
  47. [47]
    Board of Directors | About - Nomad Foods
    Prior to 1995, Mr. Gottesman was an executive director of Goldman Sachs International, where he managed global equity portfolios in the private client group.Missing: background | Show results with:background
  48. [48]
    Noam Gottesman - ARTnews Top 200 Collector
    He worked at Goldman Sachs, leaving the firm to cofound GLG Partners with Pierre Lagrange (who is also on the ARTnews Top 200 Collectors list) and Jonathan ...Missing: background | Show results with:background
  49. [49]
    Noam Gottesman: Age, Net Worth, Relationships, Family, Career ...
    Jan 17, 2025 · Nationality, Israeli-American ; Education, Bachelor of Arts, Columbia University ; Occupation, Businessman, Investor ; Known For, Co-founder of GLG ...
  50. [50]
    Pierre Lagrange investment portfolio | PitchBook
    In 1995 Pierre co-founded GLG Partners and now holds overall responsibility for Global Equities. Prior to that, Pierre worked at Goldman Sachs from 1990 ...Missing: background Lehman
  51. [51]
    GLG Executives to Get $560 Million From Man Takeover - Bloomberg
    May 17, 2010 · GLG also operates convertible arbitrage funds, emerging market funds and long-only mutual funds. Roman, Gottesman. GLG was founded in 1995 as ...
  52. [52]
    GLG's Lagrange brings superstar culture to Man | Reuters
    May 24, 2010 · ... Lagrange, the other co-CEO Noam Gottesman and Jonathan Green, who left in 2003. Man's journey has been longer, and more intriguing. It moved ...
  53. [53]
    Discretionary Man GLG Turns 20 - The Hedge Fund Journal
    Man GLG today has three distinct pillars, led by co-CEOs Mark Jones and Teun Johnston, comprising hedge funds, long only and Collateralised Loan Obligations ( ...
  54. [54]
    Europe's GLG plans to go public in U.S. - Los Angeles Times
    Jun 26, 2007 · London-based GLG agreed to sell a minority stake to publicly traded Freedom Acquisition Holdings Inc. for $1 billion plus 230 million Freedom ...Missing: listing | Show results with:listing
  55. [55]
    Man Group adds discretionary responsibilities to president's role
    Jul 9, 2025 · Steven Desmyter, president of Man Group, is taking on additional responsibility for the $172.6 billion investment manager's discretionary division.
  56. [56]
    Man Group trims headcount, names Global CIO - Hedgeweek
    Jul 18, 2025 · Steven Desmyter, President, adds oversight of the discretionary division to his existing sales and marketing role, while Russell Korgaonkar, CIO ...
  57. [57]
    Nick Wilcox - Man Group
    Nick Wilcox is a Managing Director at Man Group, responsible for discretionary equities. He joined in 2024 after 19 years at JP Morgan.Missing: personnel executives
  58. [58]
    Mike Scott | Man Group
    Mike Scott is Head of Global High Yield & Credit Opportunities within Discretionary at Man Group. In his role, Mike manages a suite of high yield strategies.
  59. [59]
    Robyn Grew - Man Group
    Robyn Grew is CEO of Man Group, a global alternative investment management firm with USD 213.9 billion* assets under management that is listed on the London ...Missing: Partners current
  60. [60]
    Corporate Governance - Man Group
    The programme is built around a series of meetings with Executive Committee members and the heads of key business units covering all aspects of the business. An ...Shareholder Relations. The... · Corporate Governance · Board Of Directors
  61. [61]
    SEC Charges London-Based Hedge Fund Adviser and U.S.-Based ...
    Dec 12, 2013 · The GLG firms agreed to pay disgorgement of $7,766,667, prejudgment interest of $437,679, and penalties totaling $750,000. The SEC's ...
  62. [62]
    British hedge fund GLG settles SEC charges over inflated assets, fees
    Dec 12, 2013 · According to the SEC, the GLG Emerging Markets Special Assets 1 Fund had, in March 2008, paid $210 million for a 25 percent stake in the ...
  63. [63]
    [PDF] GLG Partners, Inc. and GLG Partners, L.P. - SEC.gov
    Dec 12, 2013 · In anticipation of the institution of these proceedings, Respondents have submitted an Offer of Settlement (the “Offer”) which the ...
  64. [64]
    GLG to Pay $9 Million Over SEC Claims of Overvaluing Assets
    Dec 12, 2013 · GLG Partners Inc., the hedge-fund firm owned by Man Group Plc, has agreed to pay about $9 million to settle U.S. regulatory claims that it ...
  65. [65]
    SEC Charges London-based Hedge Fund Adviser with Valuation ...
    Dec 12, 2013 · The SEC's order found that GLG Partners L.P. violated and GLG Partners Inc. caused numerous violations of the Federal securities laws. It ...
  66. [66]
    GLG Partners Settlement Illustrates SEC Views Regarding Valuation ...
    On December 12, 2013, the SEC issued an order instituting settled administrative proceedings against publicly-traded investment firm GLG Partners, ...Missing: allocation | Show results with:allocation
  67. [67]
    Hedge Fund Adviser and Holding Company Agree to Pay Nearly $9 ...
    The GLG firms consented to the order without admitting or denying the charges. The SEC is establishing a fair fund to distribute money to harmed fund investors.
  68. [68]
    Man Group's GLG Sued Over 'Incomprehensible' Deal - Bloomberg
    Jan 6, 2014 · Richard Desmond, founder of the Northern & Shell Plc media group, sued a Man Group Plc hedge-fund unit for as much as 20 million pounds ($33 million).Missing: insider | Show results with:insider
  69. [69]
    Media mogul Desmond wins settlement from GLG and Credit Suisse
    Dec 18, 2014 · Media tycoon Richard Desmond has agreed to settle his £42m court case against Credit Suisse and GLG, accepting a significant settlement ...Missing: trading | Show results with:trading
  70. [70]
    [PDF] ANNUAL REPORT - AnnualReports.com
    GLG. GLG is a leading discretionary, multi-strategy global investment manager that offers a range of alternative and long only investment strategies. GLG has ...<|control11|><|separator|>
  71. [71]
    Results for the financial year ended 31 December 2024 - Man Group
    Feb 27, 2025 · AUM1 of $168.6 billion as at 31 December 2024 (31 December 2023: $167.5 billion) ; Net outflows of $3.3 billion, driven by the $7.0 billion ...