Rokos Capital Management


Rokos Capital Management LLP is a UK Alternative Investment Fund Manager with $9 billion in assets under management. 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. RCM is headquartered in London, with an economic research office in Washington DC, RCM has just under 200 employees. One of the firm's first investors was the Blackstone Group, the American private equity giant.
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. Chris Rokos, RCM's Chief Investment Officer, heads a core team of portfolio managers.
Rokos Capital Management began trading in late 2015, marking its first full calendar year with a gain of approximately 20 per cent. 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.
The strong performance in 2016 was followed by two lacklustre years, reflecting a difficult trading period for macro hedge funds. In 2018, a senior management team led by CEO Andrew Devenport was brought in, allowing Rokos to focus more fully on trading.
In October 2019, it was reported that Rokos was himself taking responsibility for all individual allocations of capital.
In 2019, Rokos Capital Management recorded a gain of 9.3%.
In April 2020, Bloomberg reported that RCM posted its best monthly gain of 14% in March and has reopened the fund to new investors.