Life after Coffey

GLG has provided a convincing answer to critics who predicted the UK-based hedge fund group would implode following the departure of Greg Coffey, the star portfolio manager responsible for managing a third of its funds. The firm is hiring Driss Ben-Brahim, the head of Goldman’s emerging market proprietary trading desk. This is a real coup for GLG, which should help stem the flow of assets expected to follow Coffey out of the door when he leaves in October. As a star trader in his own right, Ben...