Brevan Howard Senior Trader Blandford Leaves Hedge-Fund Company

Peter Blandford, a senior trader at Brevan Howard Asset Management, has left the hedge-fund firm, according to records with U.K.’s Financial Conduct Authority.

Brevan Howard portfolio strategist Miguel Costa, who joined the European money manager led by billionaire Alan Howard in 2012 from Deutsche Bank AG, has also departed, the records showed. Costa was part of a team led by Vinay Pande who joined the firm to start the Brevan Howard Strategic Macro Fund. Pande, a partner at Brevan Howard, was leaving the hedge-fund firm, two people with knowledge of the matter said in October.

Blandford and Costa left the firm last week, FCA records showed. A Brevan Howard spokesman declined to comment.

Brevan Howard eliminated about 50 jobs in November after shutting or spinning off non-core funds over the last 12 to 18 months. The firm managed $24.4 billion at the end of October and said last month that it employed 370 people, about 15 percent fewer than last year.

Blandford is a former gilt trader at Jefferies International Ltd and Morgan Stanley. At least seven partners have left the hedge-fund firm this year, including Mark Hillery and Gertjan Vlieghe.

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