Report: Hedge Fund Pressure Pushes Deutsche Börse To Layoff 200

Nov 13 2007 | 8:30am ET

Christopher Hohn is apparently not satisfied with just one scalp at the Frankfurt Stock Exchange, according to media reports in Germany.

The Deutsche Börse is slashing 200 employees under pressure from Hohn’s hedge fund, The Children’s Investment Fund, the German business newspaper Handelsblatt reports. London-based TCI is pushing Deutsche Börse to streamline operations and return money to shareholders.

Two years ago, then-Deutsche Börse CEO Werner Seifert was forced out after TCI helped sink the exchange’s proposed acquisition of the London Stock Exchange.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of