Sun, Sep 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GLG Partners reports net inflows of $1.5bn for Q2 and $2.5bn for H1

Tuesday, July 20, 2010
Opalesque Industry Update - GLG Partners, Inc. today reported estimated net assets under management (AUM) of approximately $23.0 billion as of June 30, 2010.

Highlights

  • Net inflows of approximately $1.5 billion for the second quarter of 2010 and $2.5 billion for the first half of 2010
  • First half 2010 dollar-weighted average returns of approximately 3.8% for the alternative strategies, 2.1% for the 130/30 strategies and (4.4%) for the long only strategies, versus MSCI World Index return of (7.1%) and S&P 500 Index return of (6.9%) for the same period

"We saw robust net AUM inflows and continued to deliver strong performance for our investing clients across the GLG platform despite turbulent market conditions in the second quarter," said Noam Gottesman, Chairman and Co-CEO of GLG.

Assets Under Management (Estimated)
(US$ in millions)

Six Months Ended Three Months Ended
June 30, 2010 June 30, 2010
Opening Net AUM (Actual) $ 22,175 $ 23,668
Inflows (net of redemptions) 2,491 1,537
Performance (gains net of losses and fees) (232 ) (1,524 )
Currency translation impact (non-US$ AUM expressed in US$) (1,477 ) (725 )
Closing Net AUM $ 22,956 $ 22,956

Note: Totals may not add up due to rounding.

As of

June 30, 2010

March 31, 2010
(Actual)

Alternative strategies1 $ 12,088 $ 12,504
Long only strategies2 12,820 13,340
Gross AUM $ 24,908 $ 25,844
Less: alternative strategy investments in GLG Funds $ (956 ) $ (1,078 )
Less: long only strategy investments in GLG Funds (996 ) (1,098 )
Net AUM $ 22,956 $ 23,668
Quarterly average net AUM3 $ 23,312 $ 22,921

Note: Totals may not add up due to rounding. Managed accounts amounted to approximately $11.6 billion in net AUM at June 30, 2010 and $11.9 billion in net AUM at March 31, 2010.

Investment Performance (Estimated)

Q2 20104

YTD through
June 30, 20104

GLG dollar-weighted average returns:
Alternative strategies (1.4 %) 3.8 %
130/30 strategies (3.9 %) 2.1 %
Long only strategies (9.9 %) (4.4 %)
MSCI World Index (11.2 %) (7.1 %)
S&P 500 Index (11.6 %) (6.9 %)

1 Alternative strategy gross AUM includes all alternative strategy funds, all 130/30 strategy funds, all managed accounts managed in accordance with alternative and 130/30 strategies, and cash and other holdings.

2 Long only strategy gross AUM includes all long only funds and managed accounts managed in accordance with a long only strategy.

3 Quarterly average net AUM for a given period is calculated as a two-point (quarter open and close) average.

4 Performance is typically measured by the longest running share class in each fund. Dollar-weighted average returns are calculated based on the estimates as of the date hereof and may change upon completion of quarter-end valuation procedures. Any changes could be material. See the Appendix for a description of how dollar-weighted average returns are calculated.

Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3