GLG Partners, the US-listed hedge fund manager, has reported a net loss attributable to shareholders of $24.4 million for the quarter ended 30 June, significantly narrower than its net loss of $93.6 million for the same period a year ago.

The firm reported inflows, with net assets under management standing at $19.1 billion on 30 June, a gain of 36 per cent on the quarter as a result of stronger investment performance, the purchase of assets from SG Asset Management, and some positive impact of currency movements.

As reported earlier this month, GLG Partners has appointed Javier Velasquez as head of European industrial investments and Carl Esprey and Tim Medland as co-heads of European basic resources investments within the GLG European Long/Short Fund.