Hedge Fund News From HedgeCo.Net

Brevan Howard Traders Said to Depart as Fund Posts Loss in June

Bloomberg – Two Brevan Howard Asset Management LLP credit traders left in recent weeks, as the firm scales back after its biggest hedge fund had the worst monthly loss since 2008 in June, two people with knowledge of the matter said.

Wayne Leslie, 38, departed less than a year after joining the London-based hedge fund from Goldman Sachs Group Inc., where he was a managing director responsible for European investment-grade credit trading, said the people, who asked not to be identified because the departures haven’t been made public. Jason Feasey, 40, who focused on structured credit, had joined the hedge fund from Bank of America Corp. in 2011.

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