ROKOS HEDGE FUND IS SAID TO LOSE IN 2017 AS MACRO PEERS SUFFER

Chris Rokos’s hedge fund lost 3.4 percent last year, joining a number of large macro-trading peers who struggled to make money, according to a person with knowledge of the matter.

The Rokos Global Macro Master Fund lost most of the money in December, said the person who asked not to be identified because the information was private. A spokesman for the London-based hedge fund, which manages about $7 billion, declined to comment.

Some of the best-known hedge funds betting on economic trends in developed markets suffered last year as a lack of volatility and central-bank interventions made it difficult for them to make money. Billionaire Rokos, 47, joins macro hedge funds such as Brevan Howard Asset Management and Andrew Law’s Caxton Associates in losing money.

Rokos, the co-founder and a former star trader at Brevan Howard Asset Management, started his eponymous hedge fund in 2015. Last year’s loss is a reversal for his money pool, which gained 20 percent in 2016.

Source: Bloomberg

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