July 25, 2014 5:04 AM ET

Capital Markets

Company Overview of GLG Partners LP

Company Overview

GLG Partners LP is a privately owned hedge fund sponsor. The firm provides its services to public sector entities, foundations, sovereign wealth funds, financial institutions, and high net worth individuals. It manages separate client focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, and hedging markets across the globe. The firm employs long-only and long-short strategies while making its investments. It was founded in 1995 and is based in Greater London, United Kingdom. GLG Partners LP operates as a subsidiary of GLG Partners, Inc.

One Curzon Street

London,  W1J 5HB

United Kingdom

Founded in 1995

Phone:

44 20 7016 7000

Fax:

44 20 7016 7200

Key Executives for GLG Partners LP

Co-Chief Executive Officer
Head of Absolute-Return Fixed-Income Offering
Senior Managing Director and Senior Portfolio Manager
Age: 52
Senior Managing Director and Lead Portfolio Manager
Senior Advisor
Compensation as of Fiscal Year 2014.

GLG Partners LP Key Developments

GLG Partners L.P. and GLG Partners, Inc. Agree to Pay Nearly $9 Million to Settle the SEC's Charges

GLG Partners L.P. and its former holding company GLG Partners Inc. agreed to pay nearly $9 million to settle the SEC's charges. SEC's order instituting settled administrative proceedings, the GLG firms managed the GLG Emerging Markets Special Assets 1 Fund. From November 2008 to November 2010, GLG's internal control failures caused the overvaluation of the fund's 25% private equity stake in an emerging market coal mining company. The overvaluation resulted in inflated fees to the GLG firms and the overstatement of assets under management in the holding company's filings with the SEC. According to the SEC's order, GLG's asset valuation policies required the valuation of the coal company's position to be determined monthly by an independent pricing committee. On a number of occasions, GLG employees received information calling into question the $425 million valuation for the coal company position. But there were inadequate policies and procedures to ensure that such relevant information was provided to the independent pricing committee in a timely manner or even at all. There was confusion among GLG's fund managers, middle-office accounting personnel, and senior management about who was responsible for elevating valuation issues to the independent pricing committee. The SEC's order finds that GLG Partners L.P. violated and GLG Partners Inc. caused violations of Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 12b-20, 13a-1, 13a-11, and 13a-13. The order requires the firms to hire an independent consultant to recommend new policies and procedures for the valuation of assets and test the effectiveness of the policies and procedures after adoption. The order directs the firms to cease and desist from violating or causing violations of various provisions of the federal securities laws. The firms consented to the order without admitting or denying the charges. The SEC is establishing a Fair Fund to distribute money to harmed fund investors. The GLG firms agreed to pay disgorgement of $7,766,667, prejudgment interest of $437,679, and penalties totaling $750,000.

GLG Partners LP Presents at FT Global Energy Leaders Summit, Sep-18-2012 04:30 PM

GLG Partners LP Presents at FT Global Energy Leaders Summit, Sep-18-2012 04:30 PM. Venue: Millennium Mayfair, London, United Kingdom. Speakers: Jason Moray Justin Mackay, Portfolio Manager.

Recent Private Companies Transactions

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