GLG gets trading licence in Hong Kong

GLG Partners has just received a type-9 investment advisory licence in Hong Kong that it will use to trade. Pierre Lagrange, London-based managing director, says this inaugurates a gradual build up of both traders and research analysts in Hong Kong, which will serve as GLG’s regional hub. The initiative was made possible by GLG’s recent acquisition by Man Investments, announced in May and completed last month. Before the deal, GLG managed $25 billion of assets, of which $3 billion are…