Hedge Funds UK Jobs
Hedge Funds Cutting Back Jobs in UK Outposts
The average hedge fund isn't down right now; performance for the year for the industry is pegged at 4.69%. But a year earlier, hedge funds were up close to 20%
Less-than-stellar returns have no doubt prompted funds to start shuffling their decks, cutting back where necessary. According to research firm Imas, 47% of managers based outside the U.K. have laid off staff based in the country.
"Overseas companies are under the same competitive pressure and it is easier to cut back foreign activities than do so closer to home," Olly Laughton-Scott, a managing partner at Imas, told Financial News. Source