Business & Tech

Greenwich-Based Hedge Fund Lays Off 130 Workers: Report

The firm, which employs over 700 people, is headquartered in the Old Greenwich area.

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WorldQuandt is also closing five offices overseas, according to the New York Post.
WorldQuandt is also closing five offices overseas, according to the New York Post. (Patch graphic)

GREENWICH, CT — WorldQuant, a $7.5 billion Greenwich-based hedge fund, laid off about 130 people and shut down five overseas offices, the New York Post reported Thursday. WorldQuandt employs approximately 750 people and had been operating 29 offices around the globe.

Most of the job cuts are being made in branches that are closing, including in Mexico City and Bangkok, the Post reporter. It's unclear if the the firm's Connecticut offices, located in the Old Greenwich area, will be affected.

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