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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Brevan Howard Currency Head to Depart

Jun 13, 2013
Jing Chen

The head manager of Brevan Howard Asset Management’s currency fund is leaving the firm.

Financial News reported that the departure of Luke Ding, who is also a partner at London-based Brevan, is amicable and follows poor performance at the currency fund. The assets in the fund have dropped in the last year.

The article also said that Brevan Howard is deciding whether to shut down the fund or keep it open. The firm is also in the process of determining if the two or three traders who work under Ding will leave the firm or reassigned internally.

Other traders have also recently left the firm following its bi-annual review.

With offices around the world, including Hong Kong, Geneva, and Brazil’s São Paulo, Brevan Howard manages about $40.1 billion in assets.

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