GLG Partners’ well-known co-heads of emerging markets – who took over the GLG Emerging Markets Fund following the departure of Greg Coffey in November 2008 – are leaving the firm after just over four years.

Karim Abdel-Motaal and Bart Turtelboom, who joined GLG in October 2008 from Morgan Stanley, plan to launch set up their own hedge fund firm, according to a person familiar with the situation.