People on the move


Soros Fund Management has let 13 staff go in its London office, about a quarter of the people who work there. The cuts involve teams managing international equities and convertible securities. The move comes a month after the firm hired former Goldman Sachs executive, Mark Schwartz, to replace William Stack.


Commonfund, which manages $29bn for US schools and non-profit institutions, has appointed Nicholas De Monico, managing director and group head of marketable

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