GLG Partners hires star trader from Goldman

8 July 2008

Fund manager GLG Partners LP has confirmed that it has hired a former Goldman Sachs trader.

Driss Ben-Brahmin will take on a partner position at the hedge fund company and will develop and head up a special situations platform – which will include the firm's existing $12 billion emerging markets department.

The former trader will also develop a global macro platform and a number of options designed to cater for sovereign wealth funds.

Manny Roman, joint chief executive of GLG, said: "Driss brings to GLG a unique combination of technical, investment and cross-asset class trading experience.

"His successful experience in developing an Emerging Markets trading and principal investment business for Goldman Sachs gives him a unique perspective on both global macro-economic themes and special opportunities."

Fellow chief executive Noam Gottesman, added: "Our New Markets franchise, including the Middle East, will be a clear beneficiary of his appointment, and he will be a key driver of GLG's new strategic development efforts."

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