On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
40° Feels Like: 34°
Wind: ESE 9 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Rain 35°

Tomorrow

Rain/Wind 42°

Fri Night

Rain 36°

Alerts

Stark & Roth LLC will slash 60 jobs

by
Layoffs
Layoffs

ST. FRANCIS, WI (WTAQ) - Hedge fund manager Stark & Roth LLC has notified the state is plans to cut almost 60 jobs by the end of the year.

The St. Francis-based investment firm says it is curtailing its multi-strategy hedge fund business.

The terminations are expected to hit portfolio managers, lawyers, accountants and a managing director. They will come in four stages, starting July 17th, or a few days after that date.

The company notified clients in a letter mailed last month it is closing the multi-strategy funds because the assets being managed have fallen off.

Stark says it plans to continue to manage single-strategy funds.

Comments