Oil price war claims casualties in Leawood: 39 layoffs

Hit by an oil price war between Russia and Saudi Arabia, combined with the financial impact of COVID-19, Leawood-based Tortoise Capital Advisors laid off 39 people, about 25% of the company’s 165 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…

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