Greg Coffey has quit UK hedge fund manager GLG Partners but has agreed to stay for six months to ease the transition to a replacement manager for his funds, which account for more than a quarter of GLG's total $25bn (â¬16bn) assets under management.
GLG said it had accepted Coffey's resignation, which he had tendered then withdrew last week. It said Coffey would continue to run the four emerging markets funds he manges and would help in selecting someone to replace him.
