GLG assets fall 39% following market upheaval

GLG Partners, a publicly traded asset manager in London and New York, said it expected equities-based strategies will be a particular focus this year as it recovers from a 39% decline in assets under management last year over 2007.

GLG's posted $629.7m (€492.5m) in losses last year, a 103% decline over the previous 12 months.

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