Hedge fund Brevan Howard laid off more than 100 jobs, including about 20 traders

In an effort to streamline its fast-growing business, Brevan Howard Asset Management, one of the world's most prominent hedge fund companies, will lay off about 10%, involving about 100 employees.

According to a person familiar with the matter, the layoffs include about 20 traders, as well as back-office and technical staff. The company has more than 1,100 employees in eight trading centers including London, New York, Abu Dhabi and Hong Kong.

People familiar with the matter, who spoke on condition of anonymity because details were not public, said the reorganization is currently underway and was disclosed to employees on Thursday. The company also cut back last monthppbingoThere were about 20 traders.

Representatives for Brevan Howard declined to comment.