{"id":11372,"date":"2009-08-26T04:28:21","date_gmt":"2009-08-26T12:28:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11372"},"modified":"2009-08-26T05:50:59","modified_gmt":"2009-08-26T13:50:59","slug":"ubp-to-cut-10-of-workforce-this-year-as-client-assets-decline","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/ubp-to-cut-10-of-workforce-this-year-as-client-assets-decline.html","title":{"rendered":"UBP to Cut 10% of Workforce This Year as Client Assets Decline"},"content":{"rendered":"<p>Bloomberg &#8211; Union Bancaire Privee, the Swiss hedge-fund investor whose clients lost about $700 million with Bernard Madoff, plans to cut 10 percent of its workforce this year after assets under management declined.<\/p>\n<p>\u201cUBP should reduce its staff by 10 percent over the course of the year, from a headcount of 1,372 at the end of December, through redundancies, early retirements and not filling vacant positions,\u201d said Jerome Koechlin, spokesman for the Geneva- based firm.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601085&amp;sid=aMFlrvY09Xd4&amp;FORM=ZZNR3\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p><input id=\"gwProxy\" type=\"hidden\" \/><\/p>\n<p><!--Session data--><input id=\"jsProxy\" onclick=\"jsCall();\" type=\"hidden\" \/><\/p>\n<p><input id=\"gwProxy\" type=\"hidden\"><!--Session data--><\/input><input id=\"jsProxy\" onclick=\"jsCall();\" type=\"hidden\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Union Bancaire Privee, the Swiss hedge-fund investor whose clients lost about $700 million with Bernard Madoff, plans to cut 10 percent of its workforce this year after assets under management declined. \u201cUBP should reduce its staff by 10 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4331,6034,1156,49,4650,15684,5407],"class_list":["post-11372","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bernard-madoff","tag-client-assets","tag-fund-investor","tag-geneva","tag-investor","tag-koechlin","tag-union-bancaire-privee"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11372","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11372"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11372\/revisions"}],"predecessor-version":[{"id":11391,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11372\/revisions\/11391"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}