Sunday, 19 April 2015
Last updated 16 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…