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
"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.
Note: Totals may not add up due to rounding.
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.
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 |
Industry Updates
GLG Partners reports net inflows of $1.5bn for Q2 and $2.5bn for H1
Tuesday, July 20, 2010
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