GLG Partners, a UK-based, New York-listed hedge fund manager, has reported a net loss of more than $200m (â¬130m) for the first three months of the year after taking a charge of more than $300m in compensation expenses related to its November listing.
The hedge fund made a net loss of $226m for the three months ended March 31, according to generally accepted accounting principles, and said: "There will be similar but diminishing GAAP compensation expenses quarterly, ending in the fourth quarter of 2012, relating to the acquisition."
