Extremely Wealthy
Billionaire Michael Hintze is cutting staff at his hedge fund
Australian billionaire Michael Hintze has reportedly cut about 50 jobs from his London-based hedge fund CQS. Hedge funds, hit by falling returns, have been cost cutting as investors withdraw cash. Hintze’s CQS, according to a report by Reuters, has cut staff by 18.5% since it reported a tough 2015. “The…
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