GLG Partners hires Goldman Sachs partner - newspaper

Mon Jul 7, 2008 8:34am BST
 
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PHILADELPHIA (Reuters) - GLG Partners has hired Goldman Sachs partner Driss Ben-Brahim, who oversees the firm's emerging-markets trading, the Wall Street Journal newspaper reported in its electronic edition on Sunday.

GLG, a British hedge fund run by several former Goldman partners, targeted Ben-Brahim to help expand its special-situations business, the Journal said.

The job will include running the roughly $1.2 billion (600 million pound) emerging-markets special-situations fund that is now run by Greg Coffey, the GLG fund manager who is leaving the firm in October, the newspaper said.

GLG had about $24.6 billion of assets as of the end of March, the newspaper said.

GLG and Goldman Sachs could not be immediately reached for comment.

 
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