GLG Partners Announces Repurchase Authorization

GLG Partners Announces Repurchase Authorization

November 03, 2007

    NEW YORK, Nov. 3 /Xinhua-PRNewswire/ -- 

    GLG Partners, Inc. ("GLG"), a leading
alternative asset manager, today announced that its Board
of Directors approved a warrant and stock repurchase plan,
authorizing GLG to repurchase up to a total $100 million of
warrants and stock over the next six months.

    The Company may purchase warrants or common stock from
time to time in the open market or in negotiated block
purchases. The amount and timing of any purchases will
depend upon a number of factors including the price and
availability of the Company's warrants and stock and
general market conditions.  The repurchases will be made in
compliance with, and at such times as permitted by,
applicable federal securities law and may be suspended or
discontinued at any time.

    About GLG

    GLG, the largest independent alternative asset manager
in Europe and one of the largest in the world, offers its
base of long-standing prestigious clients a diverse range
of investment products and account management services.
GLG's focus is on preserving client's capital and achieving
consistent, superior absolute returns with low volatility
and low correlations to both the equity and fixed income
markets. Since its inception in 1995, GLG has built on the
roots of its founders in the private wealth management
industry to develop into one of the world's largest and
most recognized alternative investment managers, while
maintaining its tradition of client-focused product
development and customer service. As of September 30, 2007,
GLG managed gross AUM of over $23 billion.

    Forward-looking Statements

    This press release contains statements relating to
future results that are forward-looking statements.  Actual
results may differ materially from those projected as a
result of certain risks and uncertainties. These risks and
uncertainties include, but are not limited to: market
conditions for GLG managed investment funds; performance of
GLG managed investment funds, the related performance fees
and the associated impacts on revenues, net income, cash
flows and fund inflows/outflows; the cost of retaining
GLG's key investment and other personnel or the loss of
such key personnel; risks associated with the expansion of
GLG's business in size and geographically; operational
risk; litigation and regulatory enforcement risks,
including the diversion of management time and attention
and the additional costs and demands on GLG's resources;
risks related to the use of leverage, the use of
derivatives, interest rates and currency fluctuations, as
well as other risks and uncertainties, including those set
forth in the definitive proxy statement filed by GLG with
the Securities and Exchange Commission (SEC) on October 11,
2007 and its other SEC filings.  These forward-looking
statements are made only as of the date hereof, and GLG
undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new
information, future events or otherwise.


    For more information, please contact:

    Investors-analysts:

    GLG

     Simon White
     Chief Financial Officer
     Phone: [phone]
     Email: [e-mail]

     Michael Hodes
     Acting Director of Investor Relations
     Phone: [phone]
     Email: [e-mail]

    Media:

    Finsbury

     Rupert Younger
     Email: [e-mail] 

     Amanda Lee
     Email: [e-mail] 
     Phone: [phone]

     Andy Merrill
     Phone: [phone]
     Email: [e-mail]