GLG Partners Inc

(NYSE: GLG)

Industry: Asset Managers
On the web: http://www.glgpartners.com
Employees: 346

GLG Partners, Inc. was incorporated in the state of Delaware on June 8, 2006 under the name Freedom Acquisition Holdings, Inc. The Company was formed to acquire an operating business through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination. It is a U.S.-listed asset management company based in London which offers its clients a range of alternative and traditional investment products and account management services. Its main business is to provide investment management advisory services for various investment funds and companies. The Company uses a multi-strategy approach, offering over forty funds across, among other things, equity, credit convertible and emerging markets products. The Company does not own a substantive controlling interest in any of the GLG Funds it manages and as a result none of the GLG Funds are combined or consolidated by the Company. On November 2, 2007, the Company completed the acquisition of GLG Partners Limited, GLG Holdings Limited, Mount Granite Limited, Albacrest Corporation, Liberty Peak Ltd., GLG Partners Services Limited, Mount Garnet Limited, Betapoint Corporation, Knox Pines Ltd., GLG Partners Asset Management Limited and GLG Partners (Cayman) Limited according to a Purchase Agreement dated as of June 22, 2007, among it, its wholly owned subsidiaries, FA Sub 1 Limited, FA Sub 2 Limited and FA Sub 3 Limited, Jared Bluestein, as the buyers' representative, Noam Gottesman, as the sellers' representative, and the equity holders of the Acquired Companies. The asset management industry is intensely competitive. The Company competes on a regional, industry and niche basis. It faces competition in the pursuit of investors for its funds and managed accounts mainly from specialized investment funds, hedge funds and financial institutions. It also competes with specialized investment funds, hedge funds, financial institutions, corporate buyers and others in acquiring positions in attractive investment opportunities for the GLG Funds and managed accounts. Since the Company operates its business internationally, it is subject to many different employment, labor, benefit and tax laws in each country in which it operates. As a publicly traded company in the United States, it is subject to the U.S. federal securities laws and regulation by the U.S. Securities and Exchange Commission.