Hedge fund GLG Partners has snared a Chadbourne & Parke partner to ramp up its in-house legal team in London and New York.
Alejandro San Miguel, who is GLG’s Chadbourne relationship partner in New York, will join the company in the new year.
Earlier this year (27 June) The Lawyer reported on Alejandro’s role advising GLG on a reverse takeover by shell company Freedom.
Alejandro led Chadbourne’s 10-strong team on the landmark transatlantic $3.4bn (£1.65bn) transaction. Freedom instructed Olswang on the deal.
The reverse takeover means the hedge fund is now listed on the New York Stock Exchange.
GLG is one of Europe’s largest hedge funds, with more than $23bn (£11.13bn) under management. It was established in 1995 as a business unit within Lehman Brothers before becoming fully independent in 2000.
Last year (1 May 2006) The Lawyer reported that the Financial Services Authority (FSA) had fined GLG and former managing director Philippe Jabre £750,000 each for short-selling shares – the largest fine the FSA has issued an individual.