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Hillery, a former trader at Tudor Capital, had joined Brevan
Howard, one of Europe's biggest hedge fund firms, in 2009. He
traded for the firm's macro hedge fund strategies that bet on
economic trends in asset classes such as currencies and rates.
"He voluntarily ceased to be an active partner but remains a
consultant with a close ongoing relationship with the firm," the
source said.
A Companies House filing on Sept 18 showed Hillery's appointment
was terminated, although records with Britain's market regulator
the Financial Conduct Authority still show him registered as an
executive at Brevan Howard.
A spokesman for Brevan Howard declined comment.
The move comes after a tough period for Brevan Howard's main
macro hedge fund, which recorded its first annual loss last
year. The fund lost about 1 percent in August, cutting its
year-to-date gain to just under 1 percent, according to the
fund's performance data seen by Reuters.
(Reporting by Simon Jessop and Nishant Kumar; editing by Carolyn
Cohn)
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