UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

                               GLG Partners, Inc.
          -------------------------------------------------------------
                                (Name of Issuer)

                    Common Stock, par value $0.0001 per share
-------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   37929X 107
            ---------------------------------------------------------
                                 (CUSIP Number)

                                 Noam Gottesman
                             c/o GLG Partners, Inc.
                           399 Park Avenue, 38th Floor
                               New York, NY 10022
                      Attention: Alejandro San Miguel, Esq.
                     General Counsel and Corporate Secretary
                                 (212) 224-7200

                                 with a copy to:

                             Chadbourne & Parke LLP
                              30 Rockefeller Plaza
                               New York, NY 10112
                          Attention: Sey-Hyo Lee, Esq.
                                 (212) 408-5100
-------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

                                November 2, 2007
-------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

-------------------------------------------------------------------------------

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act.



                                  SCHEDULE 13D

---------------------                                      --------------------
CUSIP No. 37929X 107                                         Page 2 of 9 Pages
--------- ---------------------------------------------------------------------
   1      NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
          Noam Gottesman
--------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)[ ]
                                                                        (b)[X]
--------- ----------------------------------------------------------------------
   3      SEC USE ONLY

--------- ----------------------------------------------------------------------
   4      SOURCE OF FUNDS
          OO
--------- ----------------------------------------------------------------------
   5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
          2(d) or 2(e)                                                     [ ]
--------- ----------------------------------------------------------------------
   6      CITIZENSHIP OR PLACE OF ORGANIZATION
          United States of America
--------- ----------------------------------------------------------------------
    NUMBER OF         7     SOLE VOTING POWER
                            -0-
      SHARES
                    ------- ----------------------------------------------------
   BENEFICIALLY       8     SHARED VOTING POWER
                            159,725,152 shares(1)(2) (See Item 5)
     OWNED BY
                    ------- ----------------------------------------------------
       EACH           9     SOLE DISPOSITIVE POWER
                            1,004,623 shares (See Item 5)
    REPORTING
                    ------- ----------------------------------------------------
      PERSON          10    SHARED DISPOSITIVE POWER
                            796,600 shares (See Item 5)
       WITH
--------- ----------------------------------------------------------------------
   11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          1,004,623 shares (See Item 5)
--------- ----------------------------------------------------------------------
   12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                           [X]
--------- ----------------------------------------------------------------------
   13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          0.4% of outstanding shares of Common Stock(3) (See Item 5)
--------- ----------------------------------------------------------------------
   14     TYPE OF REPORTING PERSON
          IN
--------- ----------------------------------------------------------------------

(1)  Includes 398,300 shares and 398,300 warrants held by certain investment
     funds managed by GLG Partners LP, of which GLG Partners Limited is the
     general partner. Mr. Gottesman is a managing director of GLG Partners
     Limited and may be deemed to have beneficial ownership of these shares. Mr.
     Gottesman disclaims beneficial ownership of these shares.

(2)  Includes an aggregate of 158,928,552 shares held by the parties to the
     Voting Agreement dated as of June 22, 2007 described in Item 6. Mr.
     Gottesman may be deemed to have beneficial ownership of these shares. Mr.
     Gottesman disclaims beneficial ownership of these shares, except for the
     1,004,623 shares reported in row 11 and otherwise to the extent of his
     pecuniary interest therein.

(3)  Excludes as outstanding shares 58,904,993 shares of Common Stock into which
     the Exchangeable Securities are exchangeable. Including as outstanding
     shares 58,904,993 shares of Common Stock into which the Exchangeable
     Securities are exchangeable, the percentage would be 0.3%.



                                  SCHEDULE 13D
---------------------                                      --------------------
CUSIP No. 37929X 107                                         Page 3 of 9 Pages
--------- ---------------------------------------------------------------------
   1      NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
          Gottesman GLG Trust
--------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)[ ]
                                                                        (b)[X]
--------- ----------------------------------------------------------------------
   3      SEC USE ONLY

--------- ----------------------------------------------------------------------
   4      SOURCE OF FUNDS
          OO
--------- ----------------------------------------------------------------------
   5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
          2(d) or 2(e)                                                     [ ]
--------- ----------------------------------------------------------------------
   6      CITIZENSHIP OR PLACE OF ORGANIZATION
          New York
--------- ----------------------------------------------------------------------
    NUMBER OF         7     SOLE VOTING POWER
                            -0-
      SHARES
                    ------- ----------------------------------------------------
   BENEFICIALLY       8     SHARED VOTING POWER
                            158,928,552 shares(1) (See Item 5)
     OWNED BY
                    ------- ----------------------------------------------------
       EACH           9     SOLE DISPOSITIVE POWER
                            58,900,370 shares (See Item 5)
    REPORTING
                    ------- ----------------------------------------------------
      PERSON          10    SHARED DISPOSITIVE POWER
                            -0-
       WITH
--------- ----------------------------------------------------------------------
   11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          58,900,370 shares (See Item 5)
--------- ----------------------------------------------------------------------
   12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                           [X]
--------- ----------------------------------------------------------------------
   13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          19.3% of outstanding shares of Common Stock(2) (See Item 5)
--------- ----------------------------------------------------------------------
   14     TYPE OF REPORTING PERSON
          OO
--------- ----------------------------------------------------------------------

(1)  Represents an aggregate of 158,928,552 shares held by the parties to the
     Voting Agreement dated as of June 22, 2007 described in Item 6. The
     Gottesman GLG Trust may be deemed to have beneficial ownership of these
     shares. The Gottesman GLG Trust disclaims beneficial ownership of these
     shares, except for the 58,900,370 shares reported in row 11.

(2)  Includes as outstanding shares 58,904,993 shares of Common Stock into which
     the Exchangeable Securities are exchangeable.



                                  SCHEDULE 13D

---------------------                                      --------------------
CUSIP No. 37929X 107                                         Page 4 of 9 Pages
--------- ---------------------------------------------------------------------
   1      NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
          Leslie J. Schreyer
--------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)[ ]
                                                                        (b)[X]
--------- ----------------------------------------------------------------------
   3      SEC USE ONLY

--------- ----------------------------------------------------------------------
   4      SOURCE OF FUNDS
          OO
--------- ----------------------------------------------------------------------
   5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
          2(d) or 2(e)                                                     [ ]
--------- ----------------------------------------------------------------------
   6      CITIZENSHIP OR PLACE OF ORGANIZATION
          United States of America

--------- ----------------------------------------------------------------------
    NUMBER OF         7     SOLE VOTING POWER
                            590,541 shares(1) (See Item 5)
      SHARES
                    ------- ----------------------------------------------------
                      8     SHARED VOTING POWER
   BENEFICIALLY             158,928,552 shares(2) (See Item 5)

     OWNED BY
                    ------- ----------------------------------------------------
       EACH           9     SOLE DISPOSITIVE POWER
                            59,490,911 shares (See Item 5)
    REPORTING
                    ------- ----------------------------------------------------
      PERSON          10    SHARED DISPOSITIVE POWER
                            -0-
       WITH
--------- ----------------------------------------------------------------------
   11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          59,490,911 shares (See Item 5)
--------- ----------------------------------------------------------------------
   12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
                                                                           [X]
--------- ----------------------------------------------------------------------
   13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
          19.5% of outstanding shares of Common Stock(3) (See Item 5)
--------- ----------------------------------------------------------------------
   14     TYPE OF REPORTING PERSON
          IN
--------- ----------------------------------------------------------------------

(1)  Represents 101,412 shares of Common Stock and 489,129 shares of restricted
     stock held by Mr. Schreyer in his individual capacity.

(2)  Represents an aggregate of 158,928,552 shares held by the parties to the
     Voting Agreement dated as of June 22, 2007 described in Item 6. Mr.
     Schreyer, in his capacity as trustee of the Gottesman GLG Trust, may be
     deemed to have beneficial ownership of these shares. Mr. Schreyer, in his
     capacity as trustee of the Gottesman GLG Trust and in his individual
     capacity, disclaims beneficial ownership of these shares, except for the
     59,490,911 shares reported in row 11.

(3)  Includes as outstanding shares 58,904,993 shares of Common Stock into which
     the Exchangeable Securities are exchangeable.



CUSIP NO. 37929X 107              SCHEDULE 13D               Page 5 of 9 Pages


Item 1. Security and Issuer.

         This Amendment No. 1 ("Amendment No. 1") to the Schedule 13D dated
November 13, 2007 (the "Schedule 13D") jointly filed by Noam Gottesman and
Leslie J. Schreyer, in his capacity as trustee of the Gottesman GLG Trust (the
"Gottesman Trustee"), relates to shares of common stock, par value $0.0001 per
share (the "Common Stock"), of GLG Partners, Inc., a Delaware corporation
formerly named Freedom Acquisition Holdings, Inc. (the "Company"), and shares of
Series A voting preferred stock, par value $0.0001 per share, of the Company
("Series A Preferred Stock"), and Exchangeable Class B ordinary shares of FA Sub
2 Limited, a British Virgin Islands company and a subsidiary of the Company
("Exchangeable Shares"). The Series A Preferred Stock and the Exchangeable
Shares are referred to collectively as the "Exchangeable Securities". This
Amendment No. 1 is being filed solely to add the Gottesman GLG Trust as a
Reporting Person to the original Schedule 13D filing with respect to securities
previously reported by the Gottesman Trustee on behalf of the Gottesman GLG
Trust in November 2007 and to update certain other information under Items 5 and
7 in the Schedule 13D. Unless otherwise defined in this Amendment No. 1,
capitalized terms have the meanings set forth in the Schedule 13D.

         The Company's principal executive office is located at 399 Park Avenue,
38th Floor, New York, New York 10022.


Item 2. Identity and Background.

         The first paragraph of Item 2 as amended to add the Gottesman GLG Trust
as follows:

         This statement is being filed jointly by Noam Gottesman, the Gottesman
GLG Trust and Leslie J. Schreyer, in his capacity as trustee of the Gottesman
GLG Trust (the "Gottesman Trustee"). Mr. Gottesman, the Gottesman GLG Trust and
the Gottesman Trustee are hereinafter sometimes collectively referred to as the
"Reporting Persons". The address of the business office of Mr. Gottesman is c/o
GLG Partners, Inc., 399 Park Avenue, 38th Floor, New York, New York 10022. The
address of the business offices of the Gottesman GLG Trust and the Gottesman
Trustee is c/o Chadbourne & Parke LLP, 30 Rockefeller Plaza, New York, New York
10112. Each of Mr. Gottesman and the Gottesman Trustee is a citizen of the
United States of America and the Gottesman GLG Trust is a trust organized under
the laws of the State of New York.

         The remainder of the information under Item 2 is unchanged.


Item 5. Interest in Securities of the Issuer.

         Item 5 is amended as follows:



CUSIP NO. 37929X 107              SCHEDULE 13D               Page 6 of 9 Pages


         (a) As a result of the execution and delivery of the Voting Agreement,
each of the Reporting Persons may be deemed to have acquired beneficial
ownership of an aggregate of 158,928,552 shares (including Exchangeable
Securities exchangeable into Common Stock), which are owned directly by the
Voting Agreement Parties or over which the Voting Agreement Parties have the
power to vote (the "Subject Shares"). These Subject Shares represent
approximately 52.2% of the outstanding shares of Common Stock (assuming the
exchange of all Exchangeable Securities into Common Stock). The Reporting
Persons expressly disclaim beneficial ownership of securities held by any other
person or entity party to the Voting Agreement.

         As of the date hereof, the Reporting Persons have the following
interests in Common Stock and Exchangeable Securities:

         Noam Gottesman

               (i)    Amount beneficially owned: 1,004,623 shares (consisting of
                      1,000,000 shares of Common Stock and 4,623 Exchangeable
                      Securities which are exchangeable for Common Stock)

               (ii)   Percent of class: 0.4% of outstanding shares of Common
                      Stock(1)

               (iii)  Number of shares as to which such person has:

                      (a)   Sole power to vote or direct the vote: -0-

                      (b)   Shared power to vote or direct the vote: 159,725,152
                            shares (consisting of (1) 158,928,552 shares of
                            voting stock (including 58,904,993 Exchangeable
                            Securities which are exchangeable for Common Stock)
                            held by the parties to the Voting Agreement and (2)
                            398,300 shares and 398,300 warrants held by certain
                            investment funds managed by GLG Partners LP)(2)(3)

                      (c)   Sole power to dispose or direct the disposition:
                            1,004,623 shares (consisting of 1,000,000 shares of
                            Common Stock and 4,623 Exchangeable Securities which
                            are exchangeable for Common Stock)

----------

(1)  Excludes as outstanding shares 58,904,993 shares of Common Stock into which
     the Exchangeable Securities are exchangeable. Including as outstanding
     shares 58,904,993 shares of Common Stock into which the Exchangeable
     Securities are exchangeable, the percentage would be 0.3%.

(2)  The 158,928,552 shares are held by the parties to the Voting Agreement
     dated as of June 22, 2007 described in Item 6. Mr. Gottesman may be deemed
     to have beneficial ownership of these shares. Mr. Gottesman disclaims
     beneficial ownership of these shares, except for the 1,004,623 shares
     reported in (i) above and otherwise to the extent of his pecuniary interest
     therein.

(3)  The 398,300 shares and 398,300 warrants are held by certain investment
     funds managed by GLG Partners LP, of which GLG Partners Limited is the
     general partner. Mr. Gottesman is a managing director of GLG Partners
     Limited and may be deemed to have beneficial ownership of these shares. Mr.
     Gottesman disclaims beneficial ownership of these shares.



CUSIP NO. 37929X 107              SCHEDULE 13D               Page 7 of 9 Pages


                      (d)   Shared power to dispose or direct the disposition:
                            796,600 shares (consisting of 398,300 shares and
                            398,300 warrants)(3)

         Gottesman GLG Trust

               (i)    Amount beneficially owned: 58,900,370 Exchangeable
                      Securities which are exchangeable for Common Stock

               (ii)   Percent of class: 19.3% of outstanding shares of Common
                      Stock(4)

               (iii)  Number of shares as to which such person has:

                      (a)   Sole power to vote or direct the vote: -0-

                      (b)   Shared power to vote or direct the vote: 158,928,552
                            shares (consisting of 158,928,552 shares of voting
                            stock (including 58,904,993 Exchangeable Securities
                            which are exchangeable for Common Stock) held by the
                            parties to the Voting Agreement)(5)

                      (c)   Sole power to dispose or direct the disposition:
                            58,900,370 Exchangeable Securities which are
                            exchangeable for Common Stock

                      (d)   Shared power to dispose or direct the disposition:
                            -0-

         Leslie J. Schreyer

               (i)    Amount beneficially owned: 59,490,911 shares (consisting
                      of (1) 58,900,370 Exchangeable Securities which are
                      exchangeable for Common Stock held by Mr. Schreyer in his
                      capacity as trustee of the Gottesman GLG Trust and (2)
                      101,412 shares of Common Stock and 489,129 shares of
                      restricted stock held by Mr. Schreyer in his individual
                      capacity)

               (ii)   Percent of class: 19.5% of outstanding shares of Common
                      Stock(4)

               (iii)  Number of shares as to which such person has:

----------

(4)  Includes as outstanding shares 58,904,993 shares of Common Stock into which
     the Exchangeable Securities are exchangeable.

(5)  The 158,928,552 shares are held by the parties to the Voting Agreement
     dated as of June 22, 2007 described in Item 6. The Gottesman GLG Trust may
     be deemed to have beneficial ownership of these shares. The Gottesman GLG
     Trust disclaims beneficial ownership of these shares, except for the
     58,900,370 shares reported in (i) above.



CUSIP NO. 37929X 107              SCHEDULE 13D               Page 8 of 9 Pages


                      (a)   Sole power to vote or direct the vote: 590,541
                            shares (consisting of 101,412 shares of Common Stock
                            and 489,129 shares of restricted stock) held by Mr.
                            Schreyer in his individual capacity

                      (b)   Shared power to vote or direct the vote: 158,928,552
                            shares (consisting of 158,928,552 shares of voting
                            stock (including 58,904,993 Exchangeable Securities
                            which are exchangeable for Common Stock) held by the
                            parties to the Voting Agreement)(6)

                      (c)   Sole power to dispose or direct the disposition:
                            59,490,911 shares (consisting of (1) 58,900,370
                            Exchangeable Securities which are exchangeable for
                            Common Stock held by Mr. Schreyer in his capacity as
                            trustee of the Gottesman GLG Trust and (2) 101,412
                            shares of Common Stock and 489,129 shares of
                            restricted stock held by Mr. Schreyer in his
                            individual capacity)

                      (d)   Shared power to dispose or direct the disposition:
                            -0-

Section (b) of Item 5 is supplemented as follows:

            o       On November 2, 2007 and February 4, 2008, 576,923 and 75,250
                    shares of restricted stock, respectively, were granted to
                    Mr. Schreyer in his individual capacity under the Company's
                    2007 Restricted Stock Plan and/or 2007 Long-Term Incentive
                    Plan.

            o       On May 20, 2008, Mr. Gottesman purchased 1,000,000 shares of
                    Common Stock on the open market at a purchase price of $8.15
                    per share.

            o       On November 2, 2008, in connection with the vesting of
                    163,044 shares of restricted stock held by Mr. Schreyer in
                    his individual capacity, an aggregate of 61,632 shares of
                    Common Stock were withheld and transferred to the Company to
                    cover Mr. Schreyer's individual withholding tax obligations
                    with respect to the vested shares at a price of $3.20 per
                    share.


Item 7. Material to be Filed as Exhibits.

Item 7 is amended to include a revised Exhibit 4

Exhibit 4.          Joint Filing Agreement Pursuant to Rule 13d-1(k).

----------

(6)  The 158,928,552 shares are held by the parties to the Voting Agreement
     dated as of June 22, 2007 described in Item 6. Mr. Schreyer, in his
     capacity as trustee of the Gottesman GLG Trust, may be deemed to have
     beneficial ownership of these shares. Mr. Schreyer, in his capacity as
     trustee of the Gottesman GLG Trust and in his individual capacity,
     disclaims beneficial ownership of these shares, except for the 59,490,911
     shares reported in (i) above.



CUSIP NO. 37929X 107              SCHEDULE 13D               Page 9 of 9 Pages


                                    SIGNATURE

                  After reasonable inquiry and to the best of their knowledge
and belief, the undersigned hereby certify that the information set forth in
this statement is true, complete and correct.

Dated:  February 17, 2009


                                        /s/ Alejandro San Miguel
                                        -----------------------------------
                                        Alejandro San Miguel
                                        Attorney-in-fact for Noam Gottesman


                                        /s/ Alejandro San Miguel
                                        -----------------------------------
                                        Alejandro San Miguel
                                        Attorney-in-fact for Leslie J. Schreyer,
                                        in his capacity as trustee of the
                                        Gottesman GLG Trust


                                        /s/ Alejandro San Miguel
                                        -----------------------------------
                                        Alejandro San Miguel
                                        Attorney-in-fact for Leslie J. Schreyer