Rokos Capital Management

Rokos Capital Management LLP (RCM) is a British Alternative Investment Fund Manager (AIFM) with $9 billion in assets under management.[2] RCM was founded in 2015 by Chris Rokos, a co-founder of hedge fund Brevan Howard, where he made $4 billion for the firm's investors from 2002 to 2012.[3] RCM is headquartered in London, with an economic research office in Washington DC, RCM has just under 200 employees.[4] One of the firm's first investors was the Blackstone Group, the American private equity giant.[5]

Rokos Capital Management
TypePrivate
IndustryInvestment management
Founded2015 (2015)
FounderChris Rokos
Headquarters23 Savile Row, London
AUM$12 billion (April 2020)[1]
Websitewww.rokoscapital.com

RCM manages the Rokos Global Macro Master Fund and takes risk in a range of macro asset classes in both developed and emerging markets, including interest rates, foreign exchange, equities, credit and commodities.[6] Chris Rokos, RCM's Chief Investment Officer, heads a core team of portfolio managers.[7]

Rokos Capital Management began trading in late 2015, marking its first full calendar year (2016) with a gain of approximately 20 per cent.[8] RCM was one of a number of hedge funds which had predicted the 2016 UK referendum vote on EU membership incorrectly. Despite the result, the firm gained more than 2.5 per cent in the days immediately after the vote.[9][10]

The strong performance in 2016 was followed by two lacklustre years, reflecting a difficult trading period for macro hedge funds.[11] In 2018, a senior management team led by CEO Andrew Devenport was brought in, allowing Rokos to focus more fully on trading.[12]

In October 2019, it was reported that Rokos was himself taking responsibility for all individual allocations of capital.[3]

In 2019, Rokos Capital Management recorded a gain of 9.3%.[7][13]

In April 2020, Bloomberg reported that RCM posted its best monthly gain of 14% in March and has reopened the fund to new investors.[14][15]

References
  1. "Billionaire Chris Rokos Reopens Hedge Fund to Raise $1 Billion". www.bloomberg.com. Retrieved 27 April 2020.
  2. Karsh, Melissa. "Hedge fund surges in best month ever".
  3. "Billionaire Rokos Tightens Reins at $9 Billion Hedge Fund". www.bloomberg.com. Retrieved 6 February 2020.
  4. "Rokos Capital Management". www.rokoscapital.com. Retrieved 6 February 2020.
  5. "'Exceptional Trader' Rokos Attracts $500 Million From Blackstone". www.bloomberg.com. Retrieved 6 February 2020.
  6. "Rokos Global Macro Master Fund LP – Fund Data". Private Fund Data. 1 September 2017. Retrieved 6 February 2020.
  7. "Hedge fund trader Chris Rokos pips former firm Brevan Howard". www.ft.com. Retrieved 6 February 2020.
  8. "Rokos Hedge Fund Said to Gain 20% in First Full Trading Year". www.bloomberg.com. Retrieved 6 February 2020.
  9. Raghavan, Anita (11 January 2017). "Chris Rokos Is Said to Be Seeking to Raise More Than $2 Billion". The New York Times. ISSN 0362-4331. Retrieved 6 February 2020.
  10. "Hedge fund bets may send early signal of Brexit vote outcome, warn experts". The Independent. 31 May 2016. Retrieved 6 February 2020.
  11. "Trader Rokos restructures firm in bid to improve performance". www.ft.com. Retrieved 6 February 2020.
  12. Wainewright, Will (19 April 2018). "Rokos hires charity exec as CEO". HFM Week. Retrieved 6 February 2020.
  13. "The good and bad news about this week's bank results". eFinancialCareers. 13 January 2020. Retrieved 6 February 2020.
  14. "Chris Rokos's Macro Hedge Fund Surges 14% in Best Month Ever". www.bloomberg.com. Retrieved 17 April 2020.
  15. "Billionaire Chris Rokos Reopens Hedge Fund to Raise $1 Billion". www.bloomberg.com. Retrieved 27 April 2020.
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