{"id":653,"date":"2024-05-31T23:35:54","date_gmt":"2024-05-31T21:35:54","guid":{"rendered":"https:\/\/lama-fortune.com\/?p=653"},"modified":"2025-02-13T12:32:54","modified_gmt":"2025-02-13T11:32:54","slug":"pierre-lagrange-glg-partners","status":"publish","type":"post","link":"https:\/\/old.lama-fortune.com\/en\/pierre-lagrange-glg-partners\/","title":{"rendered":"Pierre Lagrange: The career of a \u20ac530m fund manager"},"content":{"rendered":"

Pierre Lagrange<\/h2>\n\n\n\n

Pierre Lagrange is an influential player in the the world of finance<\/strong>r, renowned for co-founding the GLG Partners hedge fund. Born in Belgium in 1962, this sales engineer trained at the Solvay<\/a> Business School quickly launched his career in finance at Goldman Sachs in London<\/strong>. It was here that he met Noam Gottesman and Jonathan Green, with whom he set up GLG in 1995, now a fund managing up to 19 billion euros.<\/p>\n\n\n

\n
\"photo\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
Pierre Lagrange<\/figcaption><\/figure>\n<\/div>\n\n\n

Success as a manager enabled Pierre Lagrange to accumulate a substantial fortune, currently estimated at around 530 million annually by the media<\/a> British. <\/strong>Following the sale of GLG to Man Group in 2010 for 1.3 billion euros<\/strong>Lagrange has kept a significant portion of its assets in equities, growing even further thanks to judicious investments, including thehe hit film \"Avatar<\/a>.<\/p>\n\n\n\n

In terms of her personal life, Lagrange made headlines when she announced her sexual orientation and union with Roubi L'Roubi, a renowned fashion designer. This revelation was followed by a costly separation from Catherine Anspach, <\/strong>his Brussels-born wife, who obtained a substantial share of the joint estate.<\/p>\n\n\n

\n
\"Logo\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div>\n\n\n
Year<\/th>Event<\/th><\/tr><\/thead>
2010<\/td>Sale of GLG to Man Group.<\/td><\/tr>
–<\/td>Investment in \"Avatar\".<\/td><\/tr>
–<\/td>Public disclosure of sexual orientation.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Pierre Lagrange, his fortune required him to liquidate certain assets, including a Victorian mansion in Hampshire, and his luxurious residence in Kensington Palace Gardens<\/strong>acquired by Roman Abramovich.<\/p>\n\n\n\n

\"Photo\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
Pierre Lagrange on the left and Roubi L'Roubi on the right<\/em><\/figcaption><\/figure>\n\n\n\n

His troubles continued with the purchase of an alleged work of art by Jackson Pollock, which turned out to be a forgery. While his ex-wife and children returned to Belgium, Lagrange simplified his real estate portfolio to more modest properties, including an apartment in Notting Hill.<\/strong><\/p>\n\n\n\n

Lagrange's story bears witness to the volatility of high finance, personal evolution and the complexity of intimate relationships, illustrating the ups and downs <\/strong>even at the height of financial success.<\/p>","protected":false},"excerpt":{"rendered":"

Pierre Lagrange, Belgian hedge fund manager and co-founder of GLG Partners, has built a financial empire with 19 billion euros under management, crowned by a personal fortune estimated at 530 million euros.<\/p>","protected":false},"author":3,"featured_media":3524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[72,65,15,35,23],"tags":[73,5,13,27,25],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bancaire","category-art","category-divertissement","category-gestion-de-patrimoine","category-immobilier","tag-bancaire","tag-belgique","tag-divertissement","tag-flandre","tag-immobilier"],"taxonomy_info":{"category":[{"value":72,"label":"Bancaire"},{"value":65,"label":"Art"},{"value":15,"label":"Divertissement"},{"value":35,"label":"Gestion 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