Culture Clash Coming at GLG-Man Group?

GLG founder Pierre Lagrange is mates with Brad PItt, an executive producer on Nicholas Cage’s new flick “Kick Ass” and he’s got rockstar locks of hair. But that kind of flamboyance may not fit hand in glove with the button-down culture of GLG’s new owner, Man Group.
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GLG founder Pierre Lagrange is mates with Brad PItt, an executive producer on Nicholas Cage’s new flick “Kick Ass” and he’s got rockstar locks of hair. But that kind of flamboyance may not fit hand in glove with the button-down culture of GLG’s new owner, Man Group.

Man purchased GLG earlier this month for $1.6 billion, netting Lagrange and his partners $500 million worth of Man shares. For that kind of dough, you’d expect anyone to put up with the staid quant traders at Man butting in on your sense of superstardom. But, you know how finicky these young hotshots can be. A culture clash seems inevitable.

In recent years its [Man’s] fortunes have ebbed and flowed with those of its $21.1 billion AHL fund, a computer-driven strategy constantly being fine-tuned by an army of PhDs, while it also funds a quantitative finance institute in Oxford.

Lagrange, meanwhile, oversees the 120 casually-dressed traders at GLG's plush Mayfair offices, who share investment ideas in online chat rooms and fire off handwritten notes to colleagues using special notepads.

GLG’s Lagrange Bring Superstar Culture to Man [Reuters]

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