BusinessWeek – Hedge funds are cutting trading costs amid a decline in volumes and muted performance for the $2.1 trillion industry, a survey found.
Forty-four percent of hedge funds polled by Greenwich Associates said they will spend less on their trading desks than in 2011, according to a statement released by the Stamford, Connecticut-based company today. About 40 percent of hedge funds said their trading budgets would be unchanged this year, while 17 percent plan an increase, the survey found.
