The GLG Emerging Markets Fund has received the EuroHedge award for "Overall Fund of the Year" and "Macro Fund of the Year".
With assets of over $20bn, GLG is the largest independent alternative asset manager in Europe. Istithmar World Capital had acquired a 3% stake in GLG in June 2007.
Commenting on GLG's success, David Jackson, CEO of Istithmar World Capital, said, "GLG's nomination for the EuroHedge Awards 2007 clearly demonstrates that, through its broad selection of managed funds, GLG offers superior performance and diversification to sophisticated investors."
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GLG nominated for the EuroHedge Awards 2007
- United Arab Emirates: Thursday, February 21 - 2008 at 09:07
- PRESS RELEASE
GLG Partners, a leading European alternative asset manager, was nominated in the following categories at the EuroHedge Awards 2007: GLG Emerging Markets Fund; GLG European Long Short Fund; GLG Alpha Select Fund; GLG Market Neutral Fund; and GLG Emerging Markets Special Situations Fund.
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About GLG Partners:GLG Partners, the largest independent alternative asset manager in Europe and the eleventh largest globally, offers its base of long-standing, prestigious clients a diverse range of investment products and account management services. GLG Partner's focus is on preserving client's capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG Partners has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers, while maintaining its tradition of client-focused product development and customer service. As of the opening of trading on June 1, 2007, GLG Partners managed gross AUM of over $20bn.
For further information, please contact:
Hwee-Suan Ong
Associate Vice President
Tel: 04.295 3456 ext 302
Fax: +9714-295 1027
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, February 21 - 2008 at 09:07 UAE local time (GMT+4)
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