GLG Partners

Fund managers warn Japan could take a short-term hit to GDP following last week's earthquake and tsunami, but they are less concerned about the longer-term impact on the country's fragile economic recovery.

GLG has hired Jeffery Atherton as co-manager for the £1.1bn Japan CoreAlpha and £490m Japan CoreAlpha Equity funds, to work with Stephen Harker and Neil Edwards.

GLG has launched a Ucits III absolute return version of its North American Opportunity portfolio, a Cayman-domiciled hedge fund.

Man Group has appointed GLG's Richard Phillips head of UK retail at the combined group.

The GLG Global Corporate Bond fund began its life as a different incarnation - the SG International Bond fund, part of the retail fund range of Société Générale Asset Management.

Man Group is planning to cut more than 10% of its workforce over the next six months following its takeover of GLG Partners.

Former Bank of England deputy governor Sir John Gieve says the UK should resist resuming quantitative easing, as the economic recovery appears to be persisting.

Man Group has completed its purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

GLG Partners is launching a Ucits III version of its absolute return multi-asset global macro strategy.

GLG Partners plans to reopen its long/short Alpha Select fund to limited new investment on 20 September.