GLG to limit size of key fund

first_imgMonday 18 April 2011 8:57 pm GLG to limit size of key fund Share Tags: NULL KCS-content Show Comments ▼ whatsapp GLG Partners, a hedge fund firm with $23bn (£14bn) of assets under management, is closing its market neutral fund to new investors when it grows beyond $1bn. A spokesperson confirmed the move to City A.M. last night, adding that the move doesn’t mark a change in fund management strategy for the company, but said that it was a move specifically related to performance, with this size optimal in enabling it to exit or enter new positions relatively quickly. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp last_img