Greenwich hedge fund WorldQuant axes 130 staffers as quants struggle

It's another bad day for hedge-fund quants. Greenwich, Conn.-based WorldQuant has reportedly laid off about 130 employees and shuttered five overseas offices at the 750-person, $7.5 billion firm, which had been operating 29 offices around the globe. Most of the cuts are reportedly being made in branches that are closing, including Bangkok, Mexico City and...