GLG Partners Inc.

Public Company, Headquarters Location
390 Park Ave., 20th Fl., New York, NY 10022-4691, United States
(212)224-7200, http://www.glgpartners.com

Primary SIC: Investment Advice, Primary NAICS: Portfolio Management
Description: GLG Partners Inc. was formed as GLG Partners LP in September 1995 as a division of Lehman Brothers International by Noam Gottesman, Pierre Lagrange and Jonathan Green, who had worked together at Goldman Sachs Private Client Services since the late 1980s. Initially, the company managed accounts for private client investors, primarily high and ultra-high net worth individuals from many of Europe's wealthiest families, with whom the founders had pre-existing relationships. The company began to offer fund products in early 1997 and became an independent business in 2000. On November 2, 2007, the company completed the acquisition of GLG Partners Limited, GLG Holdings Limited, Mount Granite Limited, Albacrest Corporation, Liberty Peak Ltd., GLG Partners Services Limited, Mount Garnet Limited, Betapoint Corporation, Knox Pines Ltd., GLG Partners Asset Management Limited and GLG Partners (Cayman) Limited; and changed its name to GLG Partners Inc. The NYSE-listed asset management company offers a diverse range of alternative and traditional investment products and account management services. GLG Partners currently derives its revenues primarily from management fees and administration fees charged to the GLG Funds and accounts the company manages, which are based on the value of the assets in these funds and accounts; and performance fees charged to the GLG Funds and accounts the company manages, which are based on the performance of these funds and accounts.Finance: Asset managers.