{"id":11113,"date":"2009-07-27T00:00:00","date_gmt":"2009-07-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-glg-backs-oil-venture-with-eye-for-london-listing","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/hedge-fund-glg-backs-oil-venture-with-eye-for-london-listing.html","title":{"rendered":"Hedge fund GLG backs oil venture with eye for London listing"},"content":{"rendered":"<p>Telegraph.co.uk &#8211; The hedge fund, which has $11bn (&pound;6.7bn) of assets under management, will be    the cornerstone investor in the new company called Lothian which will buy    oil assets around the world and manage them. The plan is for Lothian to have    a market value of as much as $500m.   <\/p>\n<p> GLG, which is listed on the New York Stock Exchange, is helping to put    together a management team for Lothian that includes Tom Hickey, the former    finance director of Tullow Oil, John Kennedy, chairman of Wellstream    Holdings &ndash; the Newcastle-based manufacturer of pipes for the oil and gas    industry &ndash; and Andrew Knott, a former analyst at Merrill Lynch who joined    GLG last year. It is thought they are looking for one more high-profile    director before the flotation.  <\/p>\n<p>  <a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/banksandfinance\/5913891\/Hedge-fund-GLG-backs-oil-venture-with-eye-for-London-listing.html\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telegraph.co.uk &#8211; The hedge fund, which has $11bn (&pound;6.7bn) of assets under management, will be the cornerstone investor in the new company called Lothian which will buy oil assets around the world and manage them. The plan is for Lothian [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[14572,1007,8242,14576,14575,11148,14578,14579,4524,418,662,211,81,4375,14577,14574,14580,363,14573,212],"class_list":["post-11113","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-andrew-knott","tag-assets-under-management","tag-cornerstone","tag-finance-director","tag-glg","tag-hedge-fund","tag-john-kennedy","tag-lothian","tag-management-team","tag-merrill-lynch","tag-new-york-stock","tag-new-york-stock-exchange","tag-newcastle","tag-oil-and-gas","tag-oil-and-gas-industry","tag-oil-assets","tag-pipes","tag-telegraph","tag-tom-hickey","tag-york-stock-exchange"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11113"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11113\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}