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GLG Partners completes purchase of SocGen Asset Management UK

Societe Generale Asset Management has completed the sale of its UK arm to GLG Partners.

The transaction was completed through the sale to GLG of SGAM’s shares in SGAM UK. GLG says it will continue to run the funds and mandates held within the UK asset management business.

Société Générale Asset Management, subsidiary of the Société Générale Group, held £244bn of assets under management at December 31, 2008.

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