Friday, 29 August 2014
Last updated 31 min 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...