GLG Partners, the London-based manager with USD12.5 billion assets, has raised USD100 million for its first hedge fund investing in equities in Japan.


According to a company statement, Henk Jonker and Kenji Arakawa will run the GLG Japanese Long-Short Fund in London.


Jonker and Kenji previously invested in Japanese equities to hedge GLG's convertible bond holdings. The money manager said it would consider closing the fund when assets reach USD 500 million.


GLG, which was set up as a division of Lehman Brothers in 1995 and became independent in 2000, was reported to be in discussions with the US securities firm last month, for a possible sale.


Subscribe to free daily newsletter
latestjobs
Java/Scala Developer

Fri, 19 Dec 2014 00:00:00 GMT

Senior Java Software Developer – Fin Tech – SF

Fri, 19 Dec 2014 00:00:00 GMT

Senior/Lead Software Development Openings

Fri, 19 Dec 2014 00:00:00 GMT

events
3 weeks 3 days from now - New Orleans
4 weeks 5 days from now - Boston
4 weeks 5 days from now - New York
5 weeks 2 days from now - New York
specialreports