It's a squeeze.
Man Group employees are feeling the squeeze at the struggling hedge fund, with staff at its London headquarters being shunted into just one-and-a-half floors of the nine-story building it opened to great fanfare in 2011.
The Financial Times reports that one senior executive based at the HQ on the banks of the Thames said: 'We are being shoved into a much smaller area, which people aren’t really happy about it. Our fund assets are shrinking and so it seems is our floor space'.
Although the hedge fund company signed a 20-year lease on Riverbank House in 2011, it never moved in to all nine floors and instead sublet space to Royal Bank of Canada. The intention, however, was to occupy all floors as the company expanded.
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Man Group employees feel the squeeze at Riverbank House in London (subscriber content)
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