Bloomberg Connecting decision makers to a dynamic network of rokos bitcoin chart, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Chris Rokos’s investment firm now manages more money than Brevan Howard.
The protege has overtaken the master. Chris Rokos’s investment firm manages more money than Brevan Howard Asset Management for the first time as clients continue to quit billionaire Alan Howard’s hedge fund company. 2 billion at the end of March, according to a person with knowledge of the matter. 8 billion on April 1, according to the firm’s website, a fall of more than 75 percent from its peak in 2013. Spokesmen for London-based Rokos Capital Management and Jersey-based Brevan Howard declined to comment. 5 billion in 2016, the first full year of trading by the fund.
Years of middling performance have made investors pull money from some of the oldest and most established macro traders including Brevan Howard, Tudor Investment Corp. Prior to starting his firm, Rokos sued Brevan Howard seeking to void an agreement that restricted him from managing outside investors’ money until 2018. Brevan Howard counter-sued and the two sides settled in 2015, with the hedge-fund firm agreeing to take an undisclosed stake in Rokos’s startup. 2 billion, according to the Bloomberg Billionaires Index. 2 percent during the first quarter following its worst year on record, according to a letter to investors. To turn things around, 54-year-old Howard started his own fund to make riskier bets and also allowed a number of his top managers to run their own pools again.