Michael Fine, a credit-focused Portfolio Manager at Brevan Howard Asset Management, has exited the firm in recent weeks, according to a report by Bloomberg citing unnamed people familiar with the matter, as the macro hedge fund scales back risk amid heightened market volatility.

Fine, who joined Brevan Howard in 2023, was part of the firm's growing credit investing team. His departure comes as the firm reassesses trader risk appetite in response to recent turbulence triggered by global macro uncertainty and shifting policy dynamics. A spokesperson for Brevan Howard declined to comment, and Fine did not respond to a request for comment.

Brevan Howard, one of the world’s largest macro hedge funds, has been expanding its platform in recent years across discretionary macro, systematic, and credit strategies. But the firm – like many others – is recalibrating amid persistent market shocks, including this year’s sharp reversals in rates and credit markets following US policy moves.