Rokos Capital Management Crests $1B in AUM

Oct 27 2015 | 8:06pm ET

The new macro hedge fund launched earlier this year by Brevan Howard co-founder Chris Rokos has reportedly already attracted more than $1 billion in assets.

The capital comes less than a month after Rokos Capital Management received approval from financial regulators in the United Kingdom.

Approximately half the capital is from outside investors, according to a Bloomberg article citing two unidentified people familiar with the situation. The rest is internal money belonging to the famed investment manager, whose net worth is estimated to be close to $1 billion, and his partners. Rokos hopes to eventually raise $3 billion for the new fund, the article noted. 

Rokos left Brevan Howard in 2012 after making a reported $4 billion for Brevan’s fund between 2004 to 2012. He co-founded Brevan with Alan Howard in 2002, and reached a settlement earlier this year that voided an agreement with his former company that would have prevented him from managing external money until 2018. 

Rokos has been on a hiring spree this year as he geared up to launch the new fund, hiring more than fifty employees and bringing former Nomura chief European economist Jacques Cailloux, former Goldman Sachs Asia Pacific macro head Stuart Riley, and former Brevan Howard colleague Borislav Vladimirov aboard as senior executives. 

Based in London, Rokos Capital Management’s initial fund will trade on broad macroeconomic themes, taking positions across asset classes including stocks, bonds and currencies. 

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