Thu, Sep 29, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Fund Profile, Market Moves more

Merchant commodity Fund cuts jobs after second annual loss

Posted on 07 February 2013

The Merchant Commodity Fund, managed by Doug King and Michael Coleman, cut a third of its staff after two consecutive years of losses during which assets under management slumped almost 90 percent.
The hedge fund cut five jobs last month, including traders and analysts in Singapore and London, Chief Operating Officer Coleman said in an interview. Assets fell to $170 million in January after investors withdrew money, according to Coleman, who’s also chief risk officer. Merchant, set up with $10 million in June 2004, had managed $1.56 billion at the end of 2010………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47895 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930