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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.

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.

- FG