Chris Rokos to Re-Open $4B Macro Fund to Raise Additional $2B

Nov 16 2016 | 12:01am ET

Rokos Capital Management may reopen its flagship hedge fund early next year and reportedly hopes to raise as much as $2 billion.

Founded by Brevan Howard co-founder Chris Rokos in September 2015, the firm closed to new capital in February 2016 after raising $3.5 billion. Seeded by Blackstone with $500 million, it was one of the largest launches of the year and among the few macro funds to significantly boost assets at a time when intense volatility caught many macro managers flat-footed. 

The company expects to raise the new capital within a month, according to a Bloomberg article citing a person with knowledge of the matter. If successful, total assets at the London-based firm will be about $6 billion. 

Rokos has booked strong returns so far this, Bloomberg reported, with 9% gains for this year through September 23 – significantly higher than the 0.2% return for the average macro hedge fund through October as measured by HFR’s HFRI Macro Total Index. 

Rokos co-founded Brevan with Alan Howard in 2002, and famously made around $4 billion for the firm trading macro themes between 2004 and 2012. 

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