Six exit hedge fund firm NewSmith in cost cuts

LONDON, May 19 (Reuters) – NewSmith Capital Partners, one of
the hedge fund firms to appear before a parliamentary committee
investigating the UK banking crisis in January, has lost six
staff as it cuts costs in a tough period for the industry.
According to a regulatory filing obtained by Reuters on
Tuesday, Edward Johnson, an analyst on the firm’s resources and
energy fund, and Ben Squire, an analyst on the credit fund, are
no longer members of the firm.

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