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Stephen Harker, manager of the top-decile GLG Japan Core­Alpha fund and one of SGAM UK’s top-performing onshore investors, has already moved across with his team to the hedge fund firm after its acquisition of SGAM UK last year.

Lorenzo Gallenga and Gareth Isaac, who run the GLG Core Plus Sterling Bond and Total Return Bond funds, have stayed on after delivering positive returns over one year to May 4.

Mark Krombas, Mena fund manager at SGAM UK, has also joined GLG after the firm’s star emerging markets manager Greg Coffey left in 2008.

But GLG’s strong UK and European equity resources seem to have left less room for SGAM UK’s managers in those areas.

Although the GLG – formerly SG – UK Special Opportunities fund was bottom quartile over both one and three years, its manager, Hari Sandhu, will be staying on at the firm.

Malcolm Murray will also be retained, despite his UK Income fund suffering a similar fate.

Departures include Colin Riddles, whose UK Smaller Companies fund is bottom quartile over the same periods; David Benson, who runs the UK Active 350, UK Growth, Balanced Ma­­naged and Stockmarket Mana­­ged funds; and UK equity fund manager Arnab Roychow­dhury.

On the European team, Sarah Pohlinger, head of Euro­pean equities, will be the highest-profile casualty. Julien Jar­moszko, a European equity fund manager, has also been made redundant.

Top-quartile performance over one year has not prevented Craig Harper, manager of the Continental Europe fund, from leaving, although GLG has taken on Ken Wren, a more junior colleague of Mr Harper’s in his previous role at Daiwa SBI.

The revelations followed the news last week that GLG would not be keeping Hugh Grieves, manager of the Technology Equity fund, although he had outperformed the Technology & Telecommunications sector by 670 basis points over one year.

GLG had been consulting on a reorganisation of its new GLG/SGAM UK retail range to complement its existing Ucits III products, including new funds.

Mr Harker’s signing will also fuel speculation whether GLG will use its hedge fund expertise to launch the first onshore retail Japanese long/short fund.

A GLG spokesman said: “It is inevitable with any transaction of this kind to expect some level of staff overlap.

“The integration process has identified a number of areas where this is the case and, as a result, there will be a number of redundancies across the integrated business, with the majority of these coming from duplicated back office and support functions.”