Monday, 30 November 2015
Last updated 2 days 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.
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…