Pierre Lagrange: The career of a €530m fund manager
Pierre Lagrange
Pierre Lagrange is an influential player in the the world of financer, renowned for co-founding the GLG Partners hedge fund. Born in Belgium in 1962, this sales engineer trained at the Solvay Business School quickly launched his career in finance at Goldman Sachs in London. It was here that he met Noam Gottesman and Jonathan Green, with whom he set up GLG in 1995, now a fund managing up to 19 billion euros.
Success as a manager enabled Pierre Lagrange to accumulate a substantial fortune, currently estimated at around 530 million annually by the media British. Following the sale of GLG to Man Group in 2010 for 1.3 billion eurosLagrange has kept a significant portion of its assets in equities, growing even further thanks to judicious investments, including thehe hit film "Avatar.
In terms of her personal life, Lagrange made headlines when she announced her sexual orientation and union with Roubi L'Roubi, a renowned fashion designer. This revelation was followed by a costly separation from Catherine Anspach, his Brussels-born wife, who obtained a substantial share of the joint estate.
| Year | Event |
|---|---|
| 2010 | Sale of GLG to Man Group. |
| – | Investment in "Avatar". |
| – | Public disclosure of sexual orientation. |
Pierre Lagrange, his fortune required him to liquidate certain assets, including a Victorian mansion in Hampshire, and his luxurious residence in Kensington Palace Gardensacquired by Roman Abramovich.
His troubles continued with the purchase of an alleged work of art by Jackson Pollock, which turned out to be a forgery. While his ex-wife and children returned to Belgium, Lagrange simplified his real estate portfolio to more modest properties, including an apartment in Notting Hill.
Lagrange's story bears witness to the volatility of high finance, personal evolution and the complexity of intimate relationships, illustrating the ups and downs even at the height of financial success.
