There are few hedge fund managers who could raise $1bn shortly after losing investors a quarter of their money. But Chris Rokos is one trader whose star appeal still more than makes up for short-term performance losses.
The media-shy billionaire, a former top fund manager at Brevan Howard before launching $13bn-in-assets Rokos Capital Management in 2015, has endured one of his worst periods of performance during a bumpy 2021 for bond markets.
As the highest-profile casualty of a vicious sell-off in short-dated bonds during the autumn, he suffered a bruising October and posted his firm’s biggest annual loss, losing 26 per cent — or roughly $4bn.