Colorado Commodities Cuts Staff In Response To Lower Client Load
FUNDS
Colorado Commodities Management (CCM), which remains in its largest and longest draw-down in its 17-year history (FX Week, April 4), has reduced its 72-person staff by nearly 40 per cent. The cutbacks come in response to Colorado's falling client list, which has dropped from roughly 3,400 at its peak in December, into the 900s now, says principal Greg Anderson.
CCM is one among a large number of currency managers that have suffered in recent volatile markets (FX Week, April 25).The draw-down
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