Reported about 11 hours ago
Brevan Howard Asset Management has laid off approximately 7% of its trading staff globally due to underperformance of its hedge funds compared to competitors. This decision affects around a dozen traders across its offices in New York, London, and Abu Dhabi, leaving the firm with nearly 150 traders. The cuts come after similar reductions last year as the firm navigates a period of rapid growth and reassesses its staffing needs amidst a challenging market.
Source: YAHOO