Grantham’s GMO Cuts 10% of Workforce as Assets Shrink

  • Jeremy Grantham’s GMO dismissals claim about 65 positions
  • GMO’s global equity group has abandoned stockpicking

Grantham Mayo Van Otterloo & Co., the money manager known for the bearish views of founder Jeremy Grantham, has cut about 10 percent of its 650-person staff in a retrenching that follows a sharp decline in assets.

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