GLG's White retires from running funds; takes senior role at Man

GLG veteran John White has handed over his funds with immediate effect as he takes a more senior role at parent company Man Group, Investment Week can reveal.

White is now working with Man chief executive Manny Roman on strategic initiatives, having been part of the GLG UK equities business for the past decade. He joined GLG in 2004 from Morgan Stanley, where he ran the UK trading desk and then the European prop trading desks. GLG's Nick Judge and Charlie Long have taken over White's £330m UK Select fund, and his $206m Alpha Select hedge fund. White will also hand over his £62m UK Income fund and £90m Alpha Select Alternative offerings to Judge and Long. The two managers have worked at the group since 2005 and 2009 respectively. GLG h...