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.
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 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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.