Paloma slashes trading groups to boost returns

Thu Dec 22, 2005

Paloma Partners Management has cut just over half of its roughly 32 trading groups as it undertakes a broad restructuring aimed at boosting sluggish performance. Most of those trading groups have already left the Greenwich, Conn.-based firm.

The magnitude of the cutback is significant, marking a major change in Paloma's wide-ranging investment management structure. The move comes at a time when the...

ISSN: 2151-1845 / CDC10004H

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