UK hedge fund manager GLG Partners has taken options to sell shares in investment banks Goldman Sachs, Morgan Stanley and Lehman Brothers, each of which provide GLG with prime broking services.

The firm acquired put options in the banks' shares, giving it the right to sell the shares at a pre-determined strike price, between April 1 and 30 June 30 2007, according to its 13-F filings with the Securities and Exchange Commission.