Tuesday, 29 July 2014
Last updated 3 hours ago
Oct 10 2012 | 12:25pm ET
Hedge funds are aggressively cutting back on their trading staffs as weak trading volumes left those teams with less to do.
Some 44% of hedge funds have cut their trading-desk budgets since last year, according to a Greenwich Associates survey. A similar number, 43%, said they were in the process of cutting costs.
Just 17% said they were boosting their trading budgets.
Greenwich said that hedge funds appear to be cutting more aggressively than other institutional investors; it blamed low trading volumes for hurting revenue at the desks.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…