Financial Times FT.com

GLG replaces Coffey with Morgan Stanley pair

By James Mackintosh

Published: July 9 2008 23:32 | Last updated: July 9 2008 23:32

GLG Partners has hired two senior traders from Morgan Stanley to replace Greg Coffey, the hot-shot fund manager whose surprise resignation prompted $2bn of redemptions from London’s second-biggest hedge fund group, which manages $24bn.

Bart Turtelboom and Karim Abdel-Motaal, former global co-heads of emerging markets trading within fixed income at Morgan Stanley, will take over three of Mr Coffey’s funds, including his $4.6bn flagship, when he leaves at the end of October, according to people familiar with their exit from the bank.

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