Brevan Howard Cuts More Than 100 Staff in Restructuring Push
- Staff reduction includes about 20 money managers globally
- Brevan Howard is also considering plan to shut Paris office
Brevan Howard Asset Management offices in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Brevan Howard Asset Management is cutting around 10% of its workforce — or about 100 employees — to reduce costs as one of the world’s best known hedge funds streamlines its rapidly growing operation.
The cuts include about 20 traders and are mostly focused on back-office and technology staff, according to a person with knowledge of the matter. Brevan Howard employs more than 1,100 people across eight trading hubs in London, New York, Abu Dhabi, Hong Kong and elsewhere.