This month, New York-based fund research firm Strategic Insight
cut around five percent of its workforce.
| Mike Alfred|
The firm has about 500 employees, so the cuts represent somewhere in the neighborhood of 25 people.
, managing director of Strategic Insight, attributes the cuts to normal consolidation activity for a company that has made multiple acquisitions in a short period of time.
It was a busy 2016 for the firm. In May, Strategic Insight (formerly known as Asset International
) acquired Market Metrics
and Matrix Solutions
. In October, they purchased
Alfred's firm, Brightscope
"When you're doing that type of work, invariably there are some changes that need to be made," Alfred tells MFWire
Despite these latest cuts, Alfred has hiring plans for the second half of 2017. He says that once the company finishes integrating, the team plans to add people in a few different key areas that they will identify in the coming months.
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