Tuesday, 1 December 2015
Last updated 16 hours ago
Mar 21 2012 | 1:43pm ET
Hedge fund Passport Capital has slimmed down in the wake of last year's double-digit loss.
The San Francisco-based firm has laid off 14 employees, including seven staffers, it said. The job cuts came over the past week.
Passport lost 18% last year. Following the layoffs, it employs 76 people, including 34 investment staffers.
"We made the difficult decision to do some downsizing of staff last week, reducing to approximately the headcount we had at the beginning of 2011," the firm said in a statement.
The firings were first reported by Bloomberg News.
The smaller Passport is up 3.7% this year, through February.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…