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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note