Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will Capital Group's Cuts Cross the Atlantic? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 21, 2008

Will Capital Group's Cuts Cross the Atlantic?

by: Neil Anderson, Managing Editor

Yet another fund giant is tightening its belt in light of the decline in the stock market. In an overview piece on fund industry layoffs (also citing cuts at BlackRock, Fidelity and Putnam), Wenli Tan reports in Morningstar's Fund Times that American Funds parent Capital Group already slashed 60 jobs in the global institutional group in London and Geneva. Tan warns that Cap Group "will continue to reduce its staff in coming weeks."

A spokesman for the Los Angeles-based fund firm could not immediately be reached for comment on whether US-based mutual fund staff, such as portfolio managers and sales specialists, will be affected. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use