{"id":9374,"date":"2008-12-16T00:00:00","date_gmt":"2008-12-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"kbc-to-cut-some-hedge-fund-related-activities","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/kbc-to-cut-some-hedge-fund-related-activities.html","title":{"rendered":"KBC to cut some hedge fund-related activities"},"content":{"rendered":"<p>Reuters &#8211; Belgian banking and insurance group KBC said on Monday that it will discontinue some of its hedge fund-related activities and that the move could lead to some redundancies. <\/p>\n<p>KBC said it will also close its Alternative Investment Management service.<\/p>\n<p>&quot;KBC FP (Financial Products) has conducted a strategic review of operations and decided to discontinue some of its hedge fund-related activities,&quot; KBC said in a statement, adding that the remaining positions of existing investors will be managed until they reach maturity. <\/p>\n<p>&quot;This decision has already led to and could lead to further internal transfers and, where no suitable alternatives are available, to redundancies,&quot; the company said.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/rbssFinancialServicesAndRealEstateNews\/idUSLF31708120081215\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Belgian banking and insurance group KBC said on Monday that it will discontinue some of its hedge fund-related activities and that the move could lead to some redundancies. KBC said it will also close its Alternative Investment Management [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[3069,4184,4183,117,496,4185,83],"class_list":["post-9374","post","type-post","status-publish","format-standard","hentry","category-closing-hedge-funds","tag-becket","tag-finance-industry","tag-global-portfolio","tag-investment-arm","tag-investment-vehicles","tag-lawrence-summers","tag-medallion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9374","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=9374"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9374\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}