{"id":26947,"date":"2012-01-19T07:49:30","date_gmt":"2012-01-19T12:49:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=26947"},"modified":"2012-01-19T07:49:30","modified_gmt":"2012-01-19T12:49:30","slug":"man-group-steps-up-cost-cuts-as-funds-under-management-fall","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2012\/man-group-steps-up-cost-cuts-as-funds-under-management-fall.html","title":{"rendered":"Man Group Steps Up Cost Cuts as Funds Under Management Fall"},"content":{"rendered":"<p>Bloomberg &#8211; Man Group Plc, the world&#8217;s largest publicly traded hedge fund, will reduce pay and eliminate jobs in a plan to reduce costs by about 10 percent as market turmoil prompted clients to withdraw money.<\/p>\n<p>The $75 million of reductions will add to $40 million already being implemented, Chief Executive Officer Peter Clarke told reporters on a conference call today. Two-thirds of the savings will be made this year and the rest in 2013, he said. The firm employed about 1,600 people at the end of March.<\/p>\n<p><a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/g\/a\/2012\/01\/18\/bloomberg_articlesLXWKLW0UQVI901-LY081.DTL\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Man Group Plc, the world&#8217;s largest publicly traded hedge fund, will reduce pay and eliminate jobs in a plan to reduce costs by about 10 percent as market turmoil prompted clients to withdraw money. The $75 million of [&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":[],"class_list":["post-26947","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26947","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=26947"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26947\/revisions"}],"predecessor-version":[{"id":26948,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26947\/revisions\/26948"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=26947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=26947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=26947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}