SGAM UK taken over by GLG Partners
In December 2008, Societe Generale Asset Management (SGAM) announced that it had agreed to sell its UK arm to GLG Partners. This takeover is now complete and, as of the beginning of April, SGAM UK has re-branded as GLG.GLG Partners is a US listed
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company and was founded in 1995. It offers a diverse range of investment products encompassing shares, bonds and alternative investments. It is particularly well known as one of the largest independent alternative asset managers in the world.The SGAM funds in the UK have also rebranded as GLG. This includes their Japan CoreAlpha and Technology Funds, which are on the Wealth 150 list of our favourite funds in each sector. These funds are now known as GLG Japan CoreAlpha and GLG Technology Equity Funds.Other than the merger of the business and the change in fund names to reflect the new ownership, the key individuals and fund managers remain in place and it is business as usual.