GLG Wins Two Awards for Investment Excellence

GLG Partners, Inc. ("GLG”) (NYSE: GLG), the U.S.-listed asset manager, is pleased to announce that it has been voted in the Thomson Reuters Extel survey as Leading Pan-European Hedge Fund of the Year for the second year in a row. Additionally, James Berger, Portfolio Analyst for one of GLG’s leading European strategies was named as one of the 20 Rising Stars of Hedge Funds by Institutional Investor News ("IINews”).

The 2009 Thomson Reuters Extel survey reflected the views of 170 brokerage firms and research houses, and 500 of Europe’s largest quoted companies on a series of criteria covering the overall quality of the firm’s activities, the quality of their interaction with counterparties and the level of knowledge of industry sectors. The Pan-European Hedge Fund of the Year award is considered the leading benchmark for excellence in asset management.

IINews’ Rising Star award is given to hedge fund professionals who are poised to become future leaders in the industry. Mr. Berger was recognized at the Hedge Fund Industry Awards ceremony on June 22nd at Cipriani Wall Street in New York.

Mr. Berger’s mentor and team leader, Markus Mez, who manages the $350m portfolio focused on investing in European large cap equities, commented on the award: "I’m very pleased that James has been recognized in this way. He’s been a fantastic addition to the team, and I look forward to many more successes with him.”

Pierre Lagrange, co-founder and Senior Managing Director of GLG Partners, commented, "These awards are clear votes of confidence from our investors and counterparties, and further evidence of the strength and depth of the talent at GLG. We are delighted that our investment teams have been recognized by Thomson Reuters and IINews for their exceptional combination of fundamental research and trading expertise.”

About GLG

GLG is a U.S.-listed asset management company offering its base of long-standing prestigious clients a diverse range of alternative and traditional 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 with a growing presence in the traditional long-only investment product market. As of March 31, 2009, GLG managed net pro-forma AUM of $18.1 billion, adjusted for the acquisition of SGAM, which closed on April 3, 2009.