Friday, 31 October 2014
Last updated 39 min ago
Oct 30 2008 | 8:49am ET
Little more than a year ago, hedge fund administrator Citco Fund Services was planning to expand its operations in Ireland. But the industry downturn has turned those plans upside down.
Instead of adding jobs at its Cork office, Citco will be slashing jobs in Dublin and Cork. The firm told employees in Dublin that it will begin the layoffs next month. Citco employs about 1,000 people on the Emerald Isle.
Last February, Citco announced plans to add 150 jobs to its Cork hedge fund administration operation over the following three years.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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