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GLG Appoints Bay Portfolio Manager

LONDON (HedgeWorld.com) - GLG Partners Inc. has appointed Fabrice Bay as a portfolio manager to lead its consumer fund team and co- manage the Capital Appreciation Fund alongside Ben Fennel. He is to join in August.

Mr. Bay's expertise is in managing global long-only and 130/30 portfolios. His recruitment underscores GLG's aim to continue diversifying outside its core hedge fund activities. Nearly one- third of the firm's $24 billion in assets is in long-only mandates.

Mr. Bay was previously a managing director at DWS/Deutsche Asset Management in Frankfurt, Germany, where he managed approximately 2 billion euro ($3.2 billion) in European equities mutual ...

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