GLG Partners Appoints New Portfolio Manager Fabrice Bay

Business Wire,  June 23, 2008  

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NEW YORK -- GLG Partners, Inc ("GLG") (NYSE: GLG) announced today that Fabrice Bay is to join its London office as a Portfolio Manager in August 2008. He will lead the Consumer Fund team and will co-manage the Capital Appreciation Fund alongside Ben Funnel. Fabrice has significant experience in managing global long-only and 130/30 portfolios and he will play an important role in driving forward GLG's offerings in these areas.

Fabrice was previously a Managing Director at DWS/Deutsche Asset Management in Frankfurt, where he managed approximately [euro]2 billion in European equities mutual funds and institutional mandates. Fabrice was responsible for managing the [euro]1 billion DWS European Dividend Plus Fund and was in charge of the launch and management of 130/30 institutional equity products. Prior to this, Fabrice was Head of Investments at DWS/Deutsche Asset Management's office in Paris, where he oversaw the asset management platform and was directly responsible for equities and balanced investments. From 2001 to 2005 Fabrice was a Portfolio Manager in Global Small Caps at Putnam Investments in Boston, where he co-managed the US$1.6 billion Putnam International Capital Opportunity mutual fund and US$600 million of institutional assets.

Pierre Lagrange, founder and Senior Investment Manager of GLG commented: "Fabrice has a unique institutional and international investment skill set and an impressive track record of achieving superior first quartile performance across a wide range of products and asset classes. We look forward to the contribution he will make to the GLG platform in leading the Consumer Fund team and co-managing the Capital Appreciation Fund."

About GLG

GLG, one of the largest alternative asset managers in the world, offers its base of long-standing prestigious clients a diverse range of investment products and account management services. GLG's focus is on preserving client's capital and achieving consistent, superior absolute returns with low volatility and low correlations to both the equity and fixed income markets. Since its inception in 1995, GLG has built on the roots of its founders in the private wealth management industry to develop into one of the world's largest and most recognized alternative investment managers, while maintaining its tradition of client-focused product development and customer service.

As of March 31, 2008, GLG managed net AUM of over $24.0 billion. GLG's consumer strategies make long-term strategic investments in the global consumer sector and take positions in attractive end markets including sub sector growth, with the aim of achieving consistent market share gains. GLG's capital appreciation strategies target long-term capital appreciation through diversified portfolios of global equities and bonds.

This press release does not constitute and is not intended to constitute an offer or solicitation for an investment in any GLG fund, including the funds mentioned herein.

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