Billionaire macro investor Chris Rokos takes on the heavyweights Chris Rokos’s investment firm, Rokos now manages more money than Brevan Howard Asset Management for the first time as clients continue to quit billionaire Alan Howard’s hedge fund company.
“Chris Rokos takes on the heavyweights Chris Rokos’s investment firm, Rokos now manages more money than Brevan Howard Asset Management for the first time ”
Chris Rokos takes on the heavyweights hedge funds is a recent story
It wasn’t so long ago that the macro investor was working for Brevan Howard as a trader. During Chris Rokos stint at Brevan Howard Asset Management, he made $4 billion for the firm from 2004 to 2012.
The fund oversaw $8.2 billion at the end of March, according to a person with knowledge of the matter. Brevan Howard managed $8 billion as of April 1, according to the firm’s website.
But as Chris Rokos takes on the heavyweights that also means the likes of Brevan Howard’s assets under management have fallen by more than 75 percent from its peak in 2013.
Brevan Howard fund is not the only old established macro fund that has been shedding the amount of capital under management.
“During Chris Rokos stint at Brevan Howard Asset Management, he made $4 billion for the firm from 2004 to 2012”
Years of middling performance have made investors pull money from some of the oldest and most established macro traders which included Brevan Howard as well as Tudor Investment Corp. and Caxton Associates. New hedge fund start-ups from Glen Point Capital to Amia Capital have raised billions of dollars between them as asset owners bet that new companies will outperform as volatility returns.
“an exceptional trader” –
Chris Rokos being described by former boss Alan Howard
Chris Rokos takes on the heavyweights along with a string of new hedge fund start-ups
Chris Rokos has been on the receiving end of this trend as investors try out the new fund in volatile market conditions. Rokos’s assets have swelled from $3.5 billion in 2016, the first full year of trading by the fund.
Chris Rokos takes on the heavyweights and it has been no easy ride for the 47-year-old start trader with a net worth of about $1.2 billion, according to the Bloomberg Billionaires Index.
Chris Rokos has been described by his former boss Alan Howard as an “exceptional trader” Chris Rokos chases macroeconomic trends in stocks, bonds, and currencies trader. Chris Rokos started his Rokos Capital Management in October 2015 in London with approximately one billion USD.
But prior to starting his firm, Rokos sued Brevan Howard seeking to void an agreement that restricted him from managing outside investors’ money until 2018. Brevan Howard counter-sued and the two sides settled in 2015, with the hedge-fund firm agreeing to take an undisclosed stake in Rokos’s startup.
“Rokos Capital Management has doubled his office space in the expensive Mayfair’s Savile Row (known for tailored men-suites) to accommodate its growing hedge fund staff. The workforce now totals 120”
Chris Rokos takes on the heavyweights is a story to watch
Rokos Capital Management has doubled his office space in the expensive Mayfair’s Savile Row (known for tailored men-suites) to accommodate its growing hedge fund staff. The workforce now totals 120, they said.
The firm, which makes macroeconomic bets, generated returns of 20% in its first full year of trading, but performance was dampened in 2017 during a tough period for macro managers. Macro funds returned 2.2% on average in 2017, according to HFR, lagging other investing styles, with the Rokos Global Macro Master Fund down 3%.