Thursday, 25 December 2014
Last updated 1 day ago
Nov 14 2007 | 7:26am ET
While many hedge funds burned by the collapse of the subprime market have recovered in recent months, one of the first the feel the heat is still suffering.
London-based Cambridge Place Investment Managers, which manages about $9 billion, will reportedly slash 20% of its 120-strong workforce. So far, 25 front- and back-office employees in Boston and London have lost their jobs.
Cambridge Place, founded by Goldman Sachs veterans Martin Finegold and Robert Kramer, has already been forced by the credit crunch to shutter its once-$908 million Caliber Global Investment, as well as limiting withdrawals from two other funds.
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.