Centaurus Cuts Star-Studded Advisory Board

Feb 11 2009 | 2:40am ET

Hedge funds are tightening their belts, and at Centaurus Capital that means letting go of several luminaries.

The London-based activist hedge fund shop has jettisoned its advisory board, which it created in flusher times, in the summer of 2007. That means former Spanish Prime Minister José Maria Azner and former British Chancellor of the Exchequer Kenneth Clarke are off the payroll.

Aznar led Spain from 1996 until 2004, when he was turfed out of office due to his support for the war in Iraq. Clarke headed the British Treasury for four years until the Conservative Party’s defeat in 1997. He is currently shadow business secretary.

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