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GLG Partners registers as investment adviser with SEC

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London-based hedge fund manager GLG Partners has announced that its US subsidiary, GLG Inc, has registered with the Securities and Exchange Commission as an investment adviser.
London-based hedge fund manager GLG Partners has announced that its US subsidiary, GLG Inc, has registered with the Securities and Exchange Commission as an investment adviser.

The move to register with the US regulator, which was briefly compulsory for hedge fund managed with more than a handful of US-resident investors, follows GLG Partners’ listing on the New York Stock Exchange last November via a reverse takeover involving a listed company, Freedom Acquisition Holdings.

‘The SEC registration marks a key step in our pursuit of the US alternative asset management market,’ says Noam Gottesman, chairman and co-chief executive of GLG.

GLG offers its clients a diverse range of investment products and account management services focused on the preservation of capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets.

Since its establishment in 1995, GLG has built on the roots of its founders in the private wealth management industry to become one of Europe’s largest alternative investment managers, with gross assets under management of more than USD20m at the end of September.

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