Net inflows for the year were $3.2 billion, which included $2.6 billion of incremental net assets under management from the acquisition of SG Asset Management, and net inflows into GLG’s long-only strategies, the firm said in a press statement. Investment performance across the GLG franchise also added $2.9 billion to the firm’s AuM and currency translations added $1 billion.

GLG’s total net assets under management were approximately $22.2 billion as at 31 December 2009, up 2.5 per cent from the previous quarter, and up 47.4 per cent year-over-year. The fourth quarter increase was due to net inflows of $723 million, mostly reflecting interest in GLG’s alternative strategy managed accounts, the firm said.