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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 editor@evestment.com

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Brevan Howard Traders Depart Amidst Difficult Month

Aug 19, 2013
Jing Chen

Brevan Howard Asset Management has lost a pair of traders in recent weeks.

Bloomberg Businessweek reported that Wayne Leslie and Jason Feasey are the latest traders to depart London-based Brevan Howard after the firm’s master fund experienced its worst monthly loss since 2008. The fund, which makes up more than two-third of the firm’s total AuM, fell 2.9 % in June.

The article said that at least a dozen other traders have left Brevan Howard since May as it struggles to bring in profit.

With offices around the world, including Hong Kong, Geneva, and Brazil’s São Paulo, Brevan Howard is Europe’s second-largest hedge fund firm with approximately $40 billion in assets.

 

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