GLG Joins Calastone's Automated Settlement Service

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GLG adopts Calastone's automated settlement service for UK funds.

Messaging service to provide electronic order routing between fund buyers and managers.

GLG Partners, the London-based alternative asset manager and wholly-owned subsidiary of Man Group plc, has joined Calastone's automated settlement service for its UK funds.

Calastone's cross-border transaction network uses straight-through processing to provide electronic order routing for its clients.

"This settlement service of automated messaging from Calastone brings increased efficiencies and benefits to everyone in the fund buying process," says Andrew Malkin, head of Mutual Fund Services at GLG.

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