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Man Group's Stink Hasn't Rubbed Off On GLG Partners Just Yet

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The formerly prominent hedge fund got more than an entirely new executive team from its reverse-merger with GLG: It got a shiny award proving that the whole company isn't totally useless.

GLG Partners, the alternatives manager Man Group bought three years ago, was Monday named leading pan-European hedge fund by corporates and brokers in the 2013 Thomson Reuters Extel Survey.

GLG – one of the largest trading counterparties with European investment banks and a big generator of commissions for them – has moved three places up from last year’s rankings to take the top spot….

GLG’s win in the “Leading Pan-European Hedge Fund” category was less good news for Tudor Capital, the European arm of Paul Tudor Jones’ Tudor Investment Corporation, which fell from first place last year to second.

French house Exane move up from 10th place last year to third in this year’s ranking. Och-Ziff Capital Management and Cygnus Asset Management, which were second and third last year, respectively, dropped out of the top three, according to Extel.

GLG Bucks Tudor Capital Off Hedge Fund Top Spot [WSJ MoneyBeat blog]


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By Apdency (Own work) [CC0], via Wikimedia Commons

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