
Pierre Lagrange
European hedge fund industry, discretionary long/short equity, Man Group ecosystem, European fund of funds
Pierre Lagrange co-founded GLG Partners in London in 1995 with Noam Gottesman and Jonathan Green after leaving Goldman Sachs. GLG became one of Europe's largest discretionary hedge fund managers, known for concentrated, fundamental long/short equity positions across global equity markets. At its peak, GLG managed over $30 billion in assets. The firm was notable for attracting top talent from investment banks and developing a strong performance culture. In 2010, Man Group acquired GLG for approximately $1.6 billion, creating one of the world's largest alternative asset managers. Lagrange continued in senior roles at the combined entity. He is also known for his interest in thoroughbred horse racing, having owned several successful racehorses. The GLG story demonstrated that a London-based discretionary hedge fund could attract talent and capital at a scale that had previously been considered the exclusive domain of New York and Greenwich-based managers.
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