Hit by an oil price war between Russia and Saudi Arabia, combined with the financial impact of COVID-19, Leawood-based Tortoise Capital Advisors LLC laid off 39 people, about 20% of the company's 205 employees.
Founded in 2002, Tortoise is an investment management firm focused mainly on creating and managing funds that invest in pipelines and other midstream assets in the oil and gas industry. It had $17.6 billion in assets under management as of Feb. 29.
But after Saudi Arabia and Russia couldn't…
Hit by an oil price war between Russia and Saudi Arabia, combined with the financial impact of COVID-19, Leawood-based Tortoise Capital Advisors LLC laid off 39 people, about 20% of the company's 205 employees.
Founded in 2002, Tortoise is an investment management firm focused mainly on creating and managing funds that invest in pipelines and other midstream assets in the oil and gas industry. It had $17.6 billion in assets under management as of Feb. 29.
But after Saudi Arabia and Russia couldn't…