Entries tagged "GLG Partners"
Executives at the publicly traded hedge fund are the latest to forgo their salaries for the "benefit" of the company.
As the three publicly traded U.S. hedge funds, Och-Ziff Capital Management Group LLC, GLG Partners Inc. and Fortress Investment Group LLC, have been battered by Wall Street over the past year, it makes you scratch your head as to why Steel Partners LLC is volunteering for the same possible punishment as it plans to take its $1.2 billion Steel Partners II LP fund public via a reverse merger with WebFinancial LP. ...
A hedge fund industry that stands on weak legs had them further weakened by more news of Ponzi schemer extraordinaire Bernard Madoff. As new details circulated about financial services firms and hedge funds, such as Man Group plc, that were duped by the deceitful investment adviser, a hedge fund arena bruised and battered by redemptions and performance losses has taken even more hits. ...
London's GLG Partners Inc. just hired Goldman, Sachs & Co. partner Driss Ben-Brahim to develop a special situations platform, which will include the firm's emerging markets special situations business. He also will develop a global macro platform and other funds tailored to sovereign wealth funds....
Significant short positions in U.K. banks were revealed on Monday following the introduction of a new disclosure regime by the Financial Services Authority on June 20. ...
