(Bloomberg) Leading European hedge fund firm Brevan Howard has cut around 50 support staff across its global operations, a source familiar with the matter on Friday said, as part of a plan to focus on its flagship macro-economic funds business.The move comes after a tough period for Brevan Howard’s $2.9 billion macro hedge fund, which recorded its first annual loss in 2014. The fund was down 0.7 percent in September, resulting in a year to date loss of 1.1 percent, performance data seen by Reuters showed.
Hedge Fund Brevan Howard Lays off 50 Support Staff
This entry was posted in Syndicated. Bookmark the permalink.
