Subprime-Struck Hedge Fund Slashes Jobs

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.


Hedge Fund Cambridge Place Halts Withdrawals

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…