2008-04-23 — telegraph.co.uk
``GLG's star trader Greg Coffey has quit to start his own hedge fund after failing to agree a new salary and conditions package with GLG's management.
Funds run by Coffey generated 60pc of GLG's performance fees last year and his departure is a blow for the hedge fund, particularly as some investors are expected to follow him out of the door. It was slightly softened by Coffey's decision to stay on until October and help recruit a successor.''
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