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GLG Partners hires Goldman Sachs partner -newspaper

Mon Jul 7, 2008 8:35am IST
 
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PHILADELPHIA, July 6 (Reuters) - GLG Partners LP has hired Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) partner Driss Ben-Brahim, who oversees the firm's emerging-markets trading, the Wall Street Journal newspaper reported in its electronic edition on Sunday.

GLG, a British hedge fund run by several former Goldman partners, targeted Ben-Brahim to help expand its special-situations business, the Journal said.

The job will include running the roughly $1.2 billion emerging-markets special-situations fund that is now run by Greg Coffey, the GLG fund manager who is leaving the firm in October, the newspaper said.

GLG had about $24.6 billion of assets as of the end of March, the newspaper said.

GLG and Goldman Sachs could not be immediately reached for comment. (Reporting by Jessica Hall; Editing by Clarence Fernandez) (For more M&A news and our DealZone blog, go to here)

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