Monday, 22 December 2014
Last updated 18 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.