Glg Partners LP (London)

Name: Glg Partners LP
Address: Riverbank House, London, Ec4 R 3 Ad
Telephone: +44 20 7144 1000

Glg Partners LP is a large advisory firm based in London. It manages $23.7 billion of regulatory assets for 59 client accounts. It has been registered with the SEC as an adviser since 2013.

Glg Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Glg Partners: assets under management

The assets under management (AUM) of Glg Partners LP is $23.7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 21% since the beginning of its operation, and $23.7 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $23.7 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.75 million each.

Glg Partners has custody of $1.76 billion in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glg Partners LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Glg Partners serves?

The only and largest group of clients of Glg Partners is pooled investment vehicles with 56 clients and $23.12 billion of assets under management. Among the 9 most similar advisory firms, Glg Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.12 billion for 56 clients. 100% of the firm’s clients are foreign persons or businesses.

Glg Partners also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Glg Partners LP

The company employs 79 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Glg Partners Limited	General partner	1 Mar 2000	Other	98-0225656
Glg Holdings Limited	Limited partner	1 Mar 2000	75% - 100%	98-0225170
Michelle Robyn Grew	Chief compliance officer	1 Jan 2009	Other	4752263
Jasveer Nmn Singh	General counsel	1 Feb 2013	Other	6270295
Mark Daniel Jones	Co-chief executive officer	1 Feb 2013	Other	6270296
Theunis Ian Boyd Johnston	Co-chief executive officer	1 Feb 2013	Other	6270297
Geoffrey David Galbraith	Chief operating officer	1 Feb 2013	Other	6270298
Jasveer Singh	General counsel	1 Feb 2013	Other	6270295
Mark Jones	Co-chief executive officer	1 Feb 2013	Other	6270296
Teun Johnston	Co-chief executive officer	1 Feb 2013	Other	6270297
Geoffrey Galbraith	Chief operating officer	1 Feb 2013	Other	6270298
Carol Ward	Chief operating officer	1 Sep 2015	Other	6334034
Carol Nmn Ward	Chief operating officer	1 Sep 2015	Other	6334034
Michelle Robyn Grew	General counsel	1 Jul 2016	Other	4752263
Katherine Elizabeth Squire	Chief compliance officer	1 Dec 2016	Other	6738205

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Man Strategic Holdings Limited	Shareholder	1 Aug 2006	75% - 100%	foreign entity
Formerly Known As Man Strategic Holdings Plc Man Strategic Holdings Limited	Shareholder	1 Aug 2006	75% - 100%	foreign entity
Fa Sub 2 Limited	Shareholder	1 Jun 2007	75% - 100%	foreign entity
Fa Sub 3 Limited	Shareholder	1 Nov 2007	75% - 100%	foreign entity
Man Investments Finance Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 Nov 2012	75% - 100%	foreign entity
Man Group Uk Limited	Shareholder	1 Oct 2013	75% - 100%	foreign entity
Man Group Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Group Treasury Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 May 2019	75% - 100%	foreign entity

Based in London

The principal office where Glg Partners LP performs its advisory services is located at Riverbank House, London, Ec4 R 3 Ad, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +44 20 7144 1000. The normal business hours are 9:00 am - 5:00 pm gmt/bst on Monday - Friday. You can find more information about the New York firm at man.com.