London hedge fund manager GLG Partners will manage an investment vehicle designed for retail investors with the launch at the beginning of 2008 of the Virgin Climate Change Leaders fund, promoted by Virgin Money. GLG will combine its own company research with data provided by independent environmental consultancy Trucost in selecting suitable stocks for investment. The firm has managed such a fund for institutions and ultra high net worth individuals since March 2007. Pierre Lagrange, co-founder of GLG and co-manager of the GLG environment fund with Ben Funnell, said: “We are thrilled to be partnering with Virgin Money on their first ever foray into offering investors access to actively managed funds.” At the end of September 2007, GLG managed gross assets totalling $22 billion.