GLG Partners Announces Repurchase Authorization

    NEW YORK, Nov. 2 /CNW/ -- GLG Partners, Inc. ("GLG"), a leading
alternative asset manager, today announced that its Board of Directors
approved a warrant and stock repurchase plan, authorizing GLG to repurchase up
to a total $100 million of warrants and stock over the next six months.
    The Company may purchase warrants or common stock from time to time in
the open market or in negotiated block purchases. The amount and timing of any
purchases will depend upon a number of factors including the price and
availability of the Company's warrants and stock and general market
conditions.  The repurchases will be made in compliance with, and at such
times as permitted by, applicable federal securities law and may be suspended
or discontinued at any time.
    About GLG
    GLG, the largest independent alternative asset manager in Europe and one
of the largest in the world, offers its base of long-standing prestigious
clients a diverse range of investment products and account management
services. GLG's focus is on preserving client's capital and achieving
consistent, superior absolute returns with low volatility and low correlations
to both the equity and fixed income markets. Since its inception in 1995, GLG
has built on the roots of its founders in the private wealth management
industry to develop into one of the world's largest and most recognized
alternative investment managers, while maintaining its tradition of client-
focused product development and customer service. As of September 30, 2007,
GLG managed gross AUM of over $23 billion.
    Forward-looking Statements
    This press release contains statements relating to future results that
are forward-looking statements.  Actual results may differ materially from
those projected as a result of certain risks and uncertainties. These risks
and uncertainties include, but are not limited to: market conditions for GLG
managed investment funds; performance of GLG managed investment funds, the
related performance fees and the associated impacts on revenues, net income,
cash flows and fund inflows/outflows; the cost of retaining GLG's key
investment and other personnel or the loss of such key personnel; risks
associated with the expansion of GLG's business in size and geographically;
operational risk; litigation and regulatory enforcement risks, including the
diversion of management time and attention and the additional costs and
demands on GLG's resources; risks related to the use of leverage, the use of
derivatives, interest rates and currency fluctuations, as well as other risks
and uncertainties, including those set forth in the definitive proxy statement
filed by GLG with the Securities and Exchange Commission (SEC) on October 11,
2007 and its other SEC filings.  These forward-looking statements are made
only as of the date hereof, and GLG undertakes no obligation to update or
revise the forward-looking statements, whether as a result of new information,
future events or otherwise.

For further information:

For further information: Investors-analysts, Simon White, Chief
Financial  Officer, +44 (0)20 7016 7000,, or
Michael Hodes,  Acting Director of Investor Relations, +1-212-224-7223,, both of GLG; or Media, Rupert Younger, or Amanda Lee,, +44  (0)20
7251 3801, or Andy Merrill, +1-212-303-7600,,  all
of Finsbury, for GLG

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890