GLG Partners (GLG) Estimates $23B in AUM for June

GLG Partners, Inc. (NYSE: GLG) today reported estimated net assets under management (AUM) of approximately $23.0 billion as of June 30, 2010.

Highlights

• Net inflows of approximately $1.5 billion for the second quarter of 2010 and $2.5 billion for the first half of 2010
  
  
• First half 2010 dollar-weighted average returns of approximately 3.8% for the alternative strategies, 2.1% for the 130/30 strategies and (4.4%) for the long only strategies, versus MSCI World Index return of (7.1%) and S&P 500 Index return of (6.9%) for the same period

"We saw robust net AUM inflows and continued to deliver strong performance for our investing clients across the GLG platform despite turbulent market conditions in the second quarter,” said Noam Gottesman, Chairman and Co-CEO of GLG.

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