Eisler Capital has laid off roughly 15% of its staff as part of a broader cost-cutting initiative aimed at streamlining operations and stabilising performance, according to a report by Bloomberg citing an unnamed person familiar with the matter.
The reductions, impacting approximately 45 employees, predominantly affected technology, middle- and back-office functions, as the London-based hedge fund accelerates its shift toward greater automation. Around five front-office investment professionals were also let go – collectively responsible for managing about 3% of the firm’s $3.5bn in assets under management.
Eisler, which was managing closer to $4bn earlier this year, has been grappling with declining assets and performance challenges. Its flagship multi-strategy fund dropped 2.9% in April, erasing year-to-date gains and posting a net loss of 2% through the first four months of 2025, although it has since begun to recover some of that ground.
Eisler’s restructuring is designed to reduce pass-through costs – reported to have reached $244m in 2023 – bringing them closer to 2022 levels and preserving more returns for investors.
The firm has also finalised its proprietary tech platform, dubbed Photon, which may enable further operational efficiencies and additional cost savings by reducing reliance on internal development teams.
Founded by former Goldman Sachs partner Edward Eisler, the firm has undergone significant transformation over the past year, evolving from a macro-focused strategy to a multi-strategy model. However, returns have lagged, with its 2024 performance falling short of many larger competitors.
Eisler declined to comment on the changes.
