{"id":10627,"date":"2009-05-20T00:00:00","date_gmt":"2009-05-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"six-exit-hedge-fund-firm-newsmith-in-cost-cuts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/six-exit-hedge-fund-firm-newsmith-in-cost-cuts.html","title":{"rendered":"Six exit hedge fund firm NewSmith in cost cuts"},"content":{"rendered":"<p>Reuters UK&nbsp; &#8211; NewSmith Capital Partners, one of the hedge fund firms to appear before a parliamentary committee investigating the UK banking crisis in January, has lost six staff as it cuts costs in a tough period for the industry.       <\/p>\n<p>According to a regulatory filing obtained by Reuters on Tuesday, Edward Johnson, an analyst on the firm&#8217;s resources and energy fund, and Ben Squire, an analyst on the credit fund, are no longer members of the firm.<\/p>\n<p>The firm, which employs around 70 people, has also parted company with Sadiq Currimbhoy, a strategist on the firm&#8217;s Global Opportunities fund. A spokesman said investors had taken up an option to withdraw their assets from the liquid part of the fund and keep the remaining part of the portfolio as a private equity vehicle.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/fundsNews\/idUKLNE54J00X20090520\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters UK&nbsp; &#8211; NewSmith Capital Partners, one of the hedge fund firms to appear before a parliamentary committee investigating the UK banking crisis in January, has lost six staff as it cuts costs in a tough period for the industry. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4],"tags":[4439,6476,2006,3383,11148,4504,11104,6468,9842,11934,4326,11933,4545,11935,173],"class_list":["post-10627","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-syndicated","tag-assets","tag-banking-crisis","tag-energy-fund","tag-global-opportunities","tag-hedge-fund","tag-investors","tag-nbsp","tag-newsmith-capital-partners","tag-opportunities-fund","tag-parliamentary-committee","tag-reuters","tag-sadiq","tag-spokesman","tag-squire","tag-strategist"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10627","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=10627"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10627\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}