Thursday, 8 October 2015
Last updated 23 sec ago
Nov 24 2008 | 1:42am ET
Barclays has cut its U.S. prime brokerage staff by 30% as it eyes a major contraction in the hedge fund industry.
About 100 jobs were cut at the capital markets prime services unit in New York two weeks ago. According to Bloomberg News, the layoffs were part of a restructuring to adjust for changes in the industry, and not an effort to eliminate redundancies with Lehman Brothers’ prime brokerage, which Barclays acquired from the bankrupt firm in September.
All told, Barclays said it plans to cut some 3,000 jobs in the U.S.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…