Wednesday, 1 April 2015
Last updated 8 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…