Finance
Brevan Howard Slashes Traders’ Risk-Taking as Losses Exceed 5%
- Hedge fund firm grappling with geopolitical tumult, volatility
- Firm’s Master Fund is down more than 5% in worst start to year
Brevan Howard CEO Aron Landy
Photographer: Hollie Adams/BloombergMacro hedge fund specialist Brevan Howard Asset Management is slashing the amount of risks that its traders can take amid a performance slump that has wiped out last year’s gains.
The firm’s Chief Executive Officer Aron Landy has taken some defensive steps in recent days given rising volatility and market chaos, people with knowledge of the matter said, asking not to be identified because the information is private. That includes lowering risk limits for some traders, the people said.