GLG Partners endures $318.9m net loss

Assets under management at GLG Partners, one of the world’s largest hedge fund managers, edged up in the final quarter of last year to near pre-crisis levels – but the group still suffered a loss.

GLG Partners Q4 results – three months ended December 31

Sales	Net loss	Loss per share	Dividend
$114.8m	$91.1m	$0.33	N/A
↓57.9%	↓35.6%	↓50.7%	N/A

The London-based and New York-listed group attracted $723m of net client inflows in the three months to December, lifting its total to $22.2bn.

However, GLG’s shift towards traditional, lower-fee funds means the company is garnering less revenue from the assets it manages than it had previously.

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