Perella Weinberg lands role in hedge fund offering

Perella Weinberg drew some unwelcome press this year for what some discerned as its lack of activity on the deal front. Given the stature of Joseph Perella, many assumed that it would be an instant powerhouse. It didn't pan out that way. But just recently, the giant has stirred a bit. According to Financial News Online, Perella Weinberg, set up in June of 2006, has won the sole role to advise hedge fund GLG on its bid to go public via a merger with a "blank check" holding company called Freedom Acquisition Holding. It's unclear whether this will mark a reversal of fortune for the boutique or if other such deals are in the works. But the firm has always said it is building out a fairly broad firm, not just a merger shop. Most assume it is here to stay.

For more:
- here's the article from Financial News Online