New York-based GLG Partners, which completed its acquisition of Société Générale AM UK in April, has appointed Phil Pearson and Anthony Burton as joint heads of its Technology Equity Fund. Both were internal appointments at the firm’s London office.

The transition follows this week’s departure of Hugh Grieves, whose next role is as yet unknown. The technology fund is worth £41 million ($65 million), adding to the £200 million Messrs Burton and Pearson already oversee at the alternative asset manager.

Mr Pearson joined the company in 2001 with experience from M&G and UBS Asset Management. Mr Burton, a veteran of asset management teams at Merrill Lynch and Nomura, came on board in 2008.

GLG reported a net loss of $120.3 million for the quarter ended 31 March 2009. The firm said these figures reflected improvements when compared to the net loss attributable to common stockholders of $226.3 million for the same quarter a year ago.