Hedge Fund News From HedgeCo.Net


Here Are the Finance Firms Cutting Jobs After Turmoil in Markets

(Bloomberg) Asset managers and banks are under pressure as volatility roils global markets and investors pile into passive, low-fee funds. The $3 trillion hedge fund market has been hit hard as performance sank and funds closed last year. One recruiter thinks more shakeout lies ahead. The financial industry is deploying technology across its businesses to reduce costs. Many economists forecast a slowdown or even a recession. Financial firms with operations in the U.K. could slow hiring ahead of the country’s anticipated exit from the European Union.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply