GLG Partners, the UK hedge fund manager that is set to float in New York, has increased its assets by 10%, to $20.5bn (€14.4bn), in the three months to the end of September despite recording losses of 3.6% on its single-manager funds in August.

Freedom Acquisition Holdings, a New York Stock Exchange-listed shell company which provisionally agreed to buy GLG in June in a reverse takeover, has set October 31 as the date for its shareholders to ratify the deal, according to a regulatory filing