{"id":10065,"date":"2009-03-10T00:00:00","date_gmt":"2009-03-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-may-cut-20-000-jobs-as-losses-erode-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/hedge-funds-may-cut-20-000-jobs-as-losses-erode-fees.html","title":{"rendered":"Hedge Funds May Cut 20,000 Jobs as Losses Erode Fees"},"content":{"rendered":"<p>Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry&rsquo;s jobs, as investment losses and client withdrawals erode fees. <\/p>\n<p>The dismissals will come on top of the 10,000 jobs that disappeared last year at the investment partnerships, according to estimates by New York-based Options Group, an executive-search firm. Employment peaked at 155,000 in 2007, and has since dropped to about 145,000, the firm said. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/bloomberg.com\/apps\/news?pid=20601087&#038;sid=a8uLPVL9X8yY&#038;refer=home\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge funds may cut 20,000 workers worldwide this year, a record 14 percent of the industry&rsquo;s jobs, as investment losses and client withdrawals erode fees. The dismissals will come on top of the 10,000 jobs that disappeared last year at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8791,2381,8788,6617,8789,5992,8790,4292],"class_list":["post-10065","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-dismissals","tag-estimates","tag-executive-search-firm","tag-investment-losses","tag-investment-partnerships","tag-jobs","tag-options-group","tag-withdrawals"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10065"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10065\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}