Jason Mackay to leave GLG at end of year

Jason Mackay, co-head of the UK equity business at GLG Partners, is to leave the group at the end of this year.

The 37-year old Mackay, who plans to spend more time with his family, will remain invested in the UK strategies he oversees with John White.

Mackay will also take on a consulting role with the $22.2bn manager.

"I have greatly enjoyed my time at GLG, but have decided to move on and spend more time with my family," he says.

"I have great belief in the abilities of the UK team, and look forward to a long association both as a consultant and an investor."

White will continue to oversee the UK equity products.

Pierre Lagrange, GLG partner and co-founder, says: "Our UK investment team has been going from strength to strength over the last few years, a tribute to John's and Jason's leadership.

"They smartly trained Charlie Long into a fantastic stock picker and made the key hire of Nick Judge at the end of 2008, meanwhile integrating Hari Sandhu from the SGAM acquisition last year."

GLG boosted its UK equity operations late last year by appointing Sir John Gieve, former deputy governor of the Bank of England, as a senior advisor with a primary focus on UK equities.