Monday, 22 December 2014
Last updated 8 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.