F&C Eyes Job Cuts, To Review Thames River

Oct 26 2011 | 8:33am ET

F&C Asset Management announced it would triple its cost cuts as it seeks to escape from a huge debt burden, stemming in part from its acquisition last year of hedge fund Thames River Capital.

It is unclear whether any of the job cuts will affect Thames River; the £33.2 million in cost cuts are expected to fall most heavily on its back-office, with only limited cuts to investment staff.

But new executive chairman Edward Bramson said he would review Thames River and its other "growth strategies" during the first half of next year.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note