Friday, 26 December 2014
Last updated 2 days ago
Dec 4 2008 | 12:02am ET
The Carlyle Group yesterday cut 10% of its staff, undoing a year’s worth of hiring at the prominent private equity firm.
The Washington, D.C., buyout shop laid off 100 employees, the first firmwide layoff in its history, The Wall Street Journal reports. The job reduction comes after a year-long hiring spree at Carlyle, leaving the firm at about 900 employees, the same size it was in 2007.
Among the casualties is Carlyle’s Silicon Valley office, which it opened less than a year ago.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.