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Rating:A Fund Firm Reportedly Swings the Job Ax Anew Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 09, 2009

A Fund Firm Reportedly Swings the Job Ax Anew

by: Armie Margaret Lee

RiverSource Investments implemented another round of cuts on Tuesday, according to a published report. The cuts reportedly impacted mostly employees within the Minneapolis-based investment manager's product development and marketing units.

A RiverSource spokesman could not immediately be reached for comment by The MFWire.

In January, RiverSource trimmed an undisclosed number of jobs as part of cost-reduction efforts at its parent, Ameriprise Financial. At the time, a RiverSource spokesman told The MFWire that the cuts had minimal impact on asset management sales, marketing and investment teams (see The MFWire, 01/21/09).  

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