Vinay Pande, a partner at Brevan Howard Asset Management, is leaving the hedge fund, according to the report from Bloomberg based on information from two people familiar with the situation.

Pande managed the Brevan Howard Strategic Macro Fund. He was a former chief investment adviser at Deutsche Bank before joined the London-based hedge fund in 2012.

According to the sources, Pande’s team in New York is also leaving Brevan Howard including Morgan French, a volatility trader and Owen Job, a strategist and assistant to Ben Melkman, a partner at the hedge fund.

Bloomberg said Mr. French and Mr. Job declined to comment regarding the report of their departure from Brevan Howard. A spokesman for the hedge fund also declined to comment on the matter.

Brevan howard

Previous departures at Brevan Howard

Some of the partners of Brevan Howard left this year after the hedge fund recorded its first annual loss last year. The hedge fund incurred a total loss of 0.8% in 2014—the first losing year since its inception in 2003. The losses prompted the firm to close funds in emerging markets and commodities last year.

Based on the hedge fund’s regulatory filing with the Companies House in the United Kingdom, Mathew James and Mark Hillery were among those who left the partnership. Filippo Cipriani and Stephanie Nicolas also left the firm.

Johan Tellvik, an equity-focused manager responsible for the Hong Kong unit of Brevan Howard resigned. He managed a portion of the capital allocated to the equity team of the firm, which was focused on capital markets events. His responsibilities at the hedge fund ceased on August 26 based on his license record at the Hong Kong Securities and Futures Commission (SFC).

Brevan Howard senior trader moved back to London

In July, it was reported that the senior traders of Brevan Howard in Geneva were moving back to London. A reversal of its decision to leave the United Kingdom amid concerns that London’s status as the leading hub for the investment industry in Europe was at risk. Brevan Howard’s decision made the decision after several other hedge funds plan to launch or expand their business operations in the British capital.

The firm’s co-founder Alan Howard decided to remain in Geneva. He left London in 2010 after the European Union introduced tighter regulations for hedge funds.