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GLG Partners to Report Q2 2010 Results on August 9, 2010

^{Published on 2010-07-29 13:55:42 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--GLG Partners, Inc. (aGLGa) (NYSE: GLG) today announced that it will report its 2010 second quarter results on Monday, August 9, 2010, before market open. In view of the pending acquisition of GLG by Man Group plc, management will not conduct a quarterly conference call.

About GLG

GLG Partners, Inc. is a globalasset management company offering its clients awide range of performance-oriented investment products and managed account services.Founded in 1995 and listed on the New York Stock Exchangein 2007 under the ticker symbol aGLGa, GLG isdedicated to achieving consistent, superior investment returns through traditional, alternative and hybrid investment strategies. The performance GLG generates for its clientsis driven by the proven expertise of its team of investment professionals underpinned by a rigorousapproach to investment analysis and a strong focus on riskmanagement. GLG managed estimated net AUM of approximately $23.0 billion as of June 30, 2010.

GLG maintains an Investor Relations website at [ www.glgpartners.com ] and routinely posts important information on its website for investors. Additionally, GLG uses the website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD promulgated by the SEC. These disclosures are included on GLGa™s website under the section "Investor Relations a" Overview". Accordingly, investors should monitor this portion of GLGa™s website, in addition to following its press releases, SEC filings and public conference calls and webcasts.

Forward-looking Statements

This press release contains statements relating to future results that are aforward-looking statementsa. Words such as awilla and other statements that are not statements of historical fact are intended to identify forward-looking statements. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the volatility in the financial markets; GLGa™s financial performance; market conditions for GLG managed investment funds and accounts; performance of GLG managed investment funds and accounts, the related performance fees and the associated impacts on revenues, net income, cash flows and fund inflows/outflows; the impact of net inflows on GLGa™s mix of assets under management and the associated impacts on revenues; the cost of retaining GLGa™s key investment and other personnel or the loss of such key personnel; risks associated with the expansion of GLGa™s business in size and geographically; operational risk, including counterparty risk; satisfaction of the conditions of the pending acquisition transaction with Man Group plc, including the approval of a majority of unaffiliated stockholders; the costs and expenses associated with the pending acquisition transaction; contractual restrictions on the conduct of GLG's business included in the merger agreement; the potential loss of key personnel, disruption of its business and operations or any impact on GLG's relationships with third parties as a result of the pending acquisition transaction; any delay in consummating the proposed acquisition transaction or the failure to consummate the transaction; and the outcome of, or expenses associated with, any litigation which may arise in connection with the pending acquisition transaction, including the purported class action civil suits filed in Delaware Chancery Court and New York Supreme Court; litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on GLGa™s resources; risks related to the use of leverage, investment in derivatives, availability of credit, interest rates and currency fluctuations; as well as other risks and uncertainties, including those set forth in GLGa™s filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and GLG undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Nothing in this press release should be construed as or is intended to be a solicitation for or an offer to provide investment advisory services.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or loans, nor shall there be any offer or sale of securities or loans in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Additional Information

GLG has filed with the SEC a preliminary proxy statement and intends to mail a definitive proxy statement and other relevant documents to GLG stockholders in connection with the proposed acquisition of GLG by Man Group plc through two concurrent transactions: the merger of a wholly owned subsidiary of Man with and into GLG and a share exchange transaction in which certain GLG stockholders will exchange their GLG shares for Man ordinary shares. GLG stockholders and other interested persons are advised to read GLGa™s preliminary proxy statement, and when available, amendments thereto and the definitive proxy statement in connection with GLGa™s solicitation of proxies for the special meeting to be held to approve the proposed merger because the preliminary proxy statement contains and the definitive proxy statement will contain important information about GLG and the proposed transaction. The definitive proxy statement will be mailed to stockholders as of a record date established for voting on the proposed merger. Stockholders may obtain a free copy of these materials (when they are available) and other documents filed with the SEC from the SECa™s website at [ www.sec.gov ]. A free copy of the preliminary proxy statement and, when it becomes available, the definitive proxy statement also may be obtained by contacting Investor Relations, GLG Partners, Inc., 399 Park Avenue, 38th floor, New York, New York 10022, telephone (212) 224-7200 and through GLGa™s website at [ www.glgpartners.com ]. GLG and its directors and executive officers may be deemed participants in the solicitation of proxies from GLGa™s stockholders. GLGa™s stockholders may obtain information about GLG's directors and executive officers, their ownership of GLG shares and their interests in the proposed transaction by reading GLGa™s preliminary proxy statement and, when it becomes available, definitive proxy statement for the special meeting. A free copy of these documents (when they are available) may be obtained from the SEC website or by contacting GLG as indicated above.