Brevan Howard Macro Trader Leaves The Firm

Brevan Howard, the not very successful London based macro hedge fund, is letting go one of its senior portfolio managers. Luke Ding managed a portfolio of $570 million with the Brevan Howard Investment Fund II Macro FX Fund, but is reportedly leaving because of the fund’s ailing returns, reports Harriet Agnew and Katie Martin for Financial News. Take a look at the firm’s April returns here. Brevan Howard is contemplating whether to keep the Macro FX Fund open or not.  It is not clear if Luke Ding’s staff will be assigned to other roles or they will leave the firm. Until…