Company Profile For GLG Partners, Inc.

GLG Partners, Inc. (GLG.N) (New York Stock Exchange)

sector: Financials · industry: Investment Services ·

As of 25 Nov 2009

3.06USD

Price Change

+0.09

Percent Change

+3.03%

Analyst Recommendations

Overview

GLG Partners, Inc. (GLG) is an independent alternative asset manager. The Company offers a diverse range of investment products and account management services. GLG manages global investment funds and accounts. GLG derives its revenues from management fees and administration fees based on the value of the assets in the funds and accounts it manages, referred to as the GLG Funds, and performance fees based on the performance of those investment funds and accounts. The Company manages a portfolio of over 40 funds, consisting both alternative and long-only strategies. On January 24, 2008, the Company acquired GLG Inc. In April 2009, the Company acquired Societe Generale Asset Management UK (SGAM UK), Societe Generale's United Kingdom long-only asset management business.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, GLG Partners, Inc.'s revenues decreased 57% to $137.9M. Net loss applicable to Common decreased 55% to $144.6M. Revenues reflect a decrease in performance fees & lower other income. Lower loss reflects a decrease in employee compensation & benefits, a decreased in general & administrative expenses and the presences of gain on business combination -negative goodwill.