GLG Partners, one of London’s largest hedge funds, has launched a new fund to invest in the debt of troubled UK and European companies. The fund will be one of the most significant launches in London this year, as a growing number of hedge fund managers and investors turn to so-called distressed strategies. GLG’s fund already manages about $300m of clients’ money. It began trading earlier this month, after being run as a component strategy within GLG’s existing credit and market-neutral funds since July last year.

This entry was posted by Gwen Robinson on Tuesday, September 29th, 2009 at 5:00 and is filed under Capital markets, Hedge funds. Tagged with glg. Edit this entry.