This Hedge Fund Has Slashed Pay and Headcount As Profits Slip By 61%

(eFinancial) Hedge fund Cheyne Capital Management has cut senior headcount and reduced pay for its partners after a year when profits slipped by 61%. Cheyne, which has around £8bn in assets under management, reduced the number of senior staff in its UK operation by 14% in the year to 31 March 2016….

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