GLG Partners deepens Event-Driven and ESG capabilities with addition of Griffin, Lucaussy and Mitchell
|April 21st, 2010||
|GLG Partners has made a number of significant additions to its investment team this week. The global hedge fund manager announced yesterday that it had acquired hedge fund manager Tisbury Capital Management and its investment team to manage event-driven strategies. |
Tisbury Capital Management’s team includes Gerard Griffin, who founded Tisbury in 2003, as well as Gerald Lucaussy.
Tisbury Capital currently has approximately $80 million in assets, down from a peak of $2.75 billion in 2007. Prior to launching Tisbury, Mr. Griffin was a managing director at Citadel Investment Group. Gerald Lucaussy previously held senior roles at Evans Randall Share Finance and Daiwa Securities. As part of the transaction, the Tisbury Liquid Event Master Fund will be renamed the GLG Tisbury Event Driven Fund.
Emmanuel Roman, GLG Partners; Co-CEO commented, "Tisbury has an enviable seven year track record in event driven investment strategies. Gerard and Gerald’s experience and professionalism will ensure GLG is well placed to capture the exceptional returns and opportunity for growth in this area. "
Earlier this week, GLG Partners revealed that Jason Mitchell was rejoining the firm’s investment team. In his new position, Mitchell will help select stocks in the global environment and social governance area (ESG). He will work closely with Senior Managing Director Pierre Lagrange as well as Adeline Diab. Pierre Lagrange commented: "Jason has built up specialist expertise that will be extremely valuable to GLG as we seek to expand our ESG capabilities…I have been looking for some time for a way of enhancing the thematic basis of our research in this area by better stock-picking on a global basis, and I am delighted that Jason—strengthened by his industry experience—is now available to take this role."
Mr. Mitchell left GLG Partners in early 2008, after spending many years as a research analyst covering media and telecom stocks. Since leaving the hedge fund manager, he served as COO of Hydrotech International, a water treatment and patent technology company. In addition, he has acted and will continue to act as a special advisor for Water and Telecommunications infrastructure to the Commonwealth Business Council.
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