Hedge fund GLG Partners, which was hit this week with the news that a second high-profile trader is to leave within a year, registered a 27% increase in assets during the first half of 2009, following the acquisition of London asset management arm of French bank Société Générale.

The rise in assets at the New York-listed company has left it with $19.1bn (€13.3bn) at the end of June, according to its second quarter results.