London hedge fund manager GLG Partners has taken two staff from investment bank Merrill Lynch to manage its portfolios as the firm looks to bolster its product range and management team before its prominent manager Greg Coffey leaves in October.
Andrew Knott has joined the London office of the New York-listed hedge fund firm, which manages $23.7bn (â¬15.7bn) assets, from Merrill Lynch. He will launch a product in September that invests in energy-related instruments around the world and advise other portfolio managers at GLG on the energy investments in their portfolios. He will report to GLG's co-founder Pierre Lagrange.
