BeginnerJoe
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Man ahead of the game in Asia.
GLG Partners Inc., a unit of the world’s largest publicly traded hedge fund manager, formed a long-short equities team in Asia co-headed by a former fund manager at Singapore’s sovereign wealth fund, seeking opportunities in the region’s stock market.
The team based in Hong Kong will be led by David Mercurio, who joined the London-based unit of Man Group Plc (EMG) as the head of Asia equity and co-head of its global equity strategies from Government of Singapore Investment Corp. in September, according to an e-mailed statement from GLG. Ben Freischmidt, former co- founder of Singapore-based hedge fund LionRock Capital Pte, will also head the team, according to the statement.
The market doesn't care about GLG. They care about AHL where most of EMG's profit comes from. With AHL not ahead of the game, EMG is going down the dumps.