GLG Partners
GLG Partners
"Noam Gottesman is one of the three founders of GLG, the Mayfair-based hedge fund that was catapulted into the financial mainstream in June [2007], when it floated on the New York Stock Exchange after reversing into a special purpose acquisition vehicle.
"The float made even richer men of its three top executives and helped the fund manager to attract Paul Myners, the former chairman of Marks & Spencer, and William Launcher, the chief executive of Estee Lauder, as new members of its advisory board.
"The fund manager was founded 12 years ago by Mr Gottesman, an American, Pierre Lagrange, a Belgian, and Jonathan Green, a Briton. The three, whose surnames made up the name GLG, met when they worked in Goldman Sachs’s private client business in the 1980s. It was during their time at the bank that they spotted their clients’ interest in hedge funds and short-selling.
"The men decided to set up on their own, helped by Lehman Brothers, the investment bank, which took a 15 per cent stake in the new business in return for providing back-office support. Shortly afterward, GLG recruited Philippe Jabre, a talented trader who specialised in convertible arbitrage." [1]
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References
- ↑ Business big shot: Noam Gottesman, The Times, accessed April 21, 2009.
