Co-founder Jonathan Fayman will be re-locating to the global macro, emerging markets-focused hedge fund firm's new office, the sources said.
Hedge funds, which tend to be based in global financial centers such as New York and London, hit their stride this year, generating strong gains and pushing assets to record levels.
Glen Point will retain its office in the UK, one of the sources said.
The hedge fund firm, which now runs $2.3 billion in assets, was started by former BlueBay fund managers Fayman and Neil Phillips.
Fayman and Phillips ran a $1.4 billion macro hedge fund at BlueBay, which later shut and never had a down year.
Glen Point delivered performance gains of 17.5 percent in the year through October at the same time as macro hedge funds have averaged gains of 2.35 percent, data from industry tracker Hedge Fund Research (HFR) showed.
Macro funds, generally among the worst-performing hedge fund strategies this year, use a variety of asset classes to bet on macroeconomic events.
Emerging markets hedge funds, however, made gains of 15.6 percent on average, while all the industry, across all strategies, generated performance of 7.2 percent, according to HFR.
Hedge fund assets hit a record $3.253 trillion assets in October, according to research company eVestment.
(Reporting by Maiya Keidan; editing by Jason Neely)
By Maiya Keidan