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At the very least being public does not seem to have been a disadvantage for GLG.
ECONOMIST: Can hedge funds outlive their star managers?
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Abandoning the familiar hedge-fund structure has not liberated GLG from the familiar pitfalls of volatile profits and personalities.
ECONOMIST: Can hedge funds outlive their star managers?
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The SEC says GLG violated the rule 16 times between June 2003 and May 2005 and lacked adequate compliance policies.
FORBES: Magazine Article
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Since most of these assets are not locked in, GLG expects to lose the bulk of them in coming months.
ECONOMIST: Can hedge funds outlive their star managers?
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Apart from Man, arguably the biggest pure hedge fund to embrace full orthodoxy is GLG Partners, Europe's largest hedge fund, which floated last year.
ECONOMIST: Can hedge funds outlive their star managers?
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Among hedge funds reporting losses, GLG Partners has said its convertible bond fund was down 5.2% in April--no report for May is available just yet.
FORBES: Fear And Loathing Along The Hedge Rows
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Unlike its quoted peers, Och-Ziff Capital Management and Fortress Investments, GLG chose to float with a one-vote-per-share structure, although its founders do retain dominant stakes.
ECONOMIST: Can hedge funds outlive their star managers?
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Performance has recovered somewhat. (In any case, hedge funds have had a difficult year.) On July 7th GLG hired Driss Ben-Brahim, a Goldman Sachs bigwig.
ECONOMIST: Can hedge funds outlive their star managers?
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That did not stop GLG from stumbling earlier this year.
ECONOMIST: Can hedge funds outlive their star managers?
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The deal eliminated a major independent hedge fund firm, GLG, whose three top bosses, including Roman, received hundreds of millions of dollars of Man Groups stock, which they agreed not to sell for at least two years.
FORBES: The Darwinian Evolution Of The World's Biggest Publicly Traded Hedge Fund Firm
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O'Brien also recommends Goldcorp (nyse: GG - news - people ), Glamis Gold (nyse: GLG - news - people ), Bema Gold (nyse: BGO - news - people ) and Hecla Mining (nyse: HL - news - people ).
FORBES: Gold Buggin'