Friday, 27 February 2015
Last updated 4 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…