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Pierre Lagrange Joins GLG?s Board of Directors

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  Published in Business and Finance on Wednesday, February 4th 2009 at 13:20 GMT, Last Modified on 2009-02-04 13:20:38 by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--GLG Partners, Inc. ("GLG") (NYSE: GLG), a leading alternative asset manager, announced today that its Board of Directors elected Pierre Lagrange as a director of the Company on February 2, 2009. Pierre is filling the vacancy created by the resignation of Company director and former President and CEO of Freedom Acquisition Holdings, Inc., Nicolas Berggruen.

Pierre is a co-founder and Senior Managing Director of GLG Partners LP and has overall responsibility for a number of its global equity products, including the flagship GLG European Long-Short Fund.

Noam Gottesman, Chairman and Co-CEO of GLG commented, "We would like to thank Nicolas for serving on our Board and are looking forward to the added perspective Pierre will bring."

About GLG

GLG, one of the largest alternative asset managers in the world, offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG's focus is on preserving client's capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers, while maintaining its tradition of client-focused product development and customer service.

As of September 30, 2008, GLG managed net AUM of over $17 billion.