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More news of Wall Street layoffs hits today as DE Shaw, the huge quant-driven hedge fund run by David E Shaw, laid off 150 people today, says Institutional Investor.
From II:
From II:
Read more: Huge Quant Fund DE Shaw Lays Off 150 PeopleThe cuts, which amount to around 10 percent of the New York–based alternative asset manager’s work force, were across the board and included partners and portfolio managers.
The news comes after Morgan Stanley announced yesterday that they had instituted a hiring freeze, RBS cut 500 i-banking jobs in London, and last week's news that Bank of America's plans to cut 5% of its staff.