Chris Rokos’ macro hedge fund, Rokos Capital Management, has achieved returns exceeding 20% in 2025, standing out in a year that has been challenging for the broader macro hedge fund sector, according to a report by Financial News London.
Founded in 2015 by the former Brevan Howard star trader, Rokos Capital manages more than $22bn in assets and employs over 350 staff across offices in London, New York, and Singapore, with plans to open an Abu Dhabi office next year.
The firm’s assets under management have grown significantly, from $3.5bn in 2016 to over $22bn this year. Rokos Capital is reportedly planning to return capital to investors to cap the fund at $20bn, according to Bloomberg.
The firm’s success has made Chris Rokos one of the wealthiest hedge fund managers in the UK, with a net worth exceeding $2bn, according to Forbes.
Rokos Capital’s performance contrasts with broader macro hedge fund trends in 2025. Through October, macro funds returned 4.8% on average, while hedge funds overall gained 10.3%, according to HFR data.
For comparison, Brevan Howard’s Alpha Strategies, managing $11bn, returned 1% in October, taking its year-to-date gain to 7.7%, while its Master Fund, with $12bn in assets, rose 0.7% in October, bringing YTD returns to 0.9%, according to sources familiar with the matter.
