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.