Bloomberg News reports that the employees will depart beginning in July, and 12 will join QS Investors. The money manager sent a letter to the state of Massachusetts providing notice under the Worker Adjustment and Retraining Notification Act, she said.
'We are committed to continuing to deliver alpha for our clients and have retained the necessary team members to ensure that the investment processes remain intact', the company said in an e-mailed statement. 'We have provided resources to the other talented professionals at Batterymarch and thank them for their professionalism during this transition time'.
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