Rokos Capital Management is considering launching an alpha capture programme that would pay sell-side market participants  for stock trading ideas, as the hedge fund industry increasingly turns to outside sources of market intelligence to enhance investment performance, according to a report by Bloomberg.
Rokos Capital Management is considering the launch of an alpha-capture programme designed to source equity investment ideas from sell-side market participants, according to people familiar with the discussions. The initiative remains at an early stage and its final structure has yet to be determined, the sources said.
A spokesperson for Rokos Capital reportedly declined to comment.
The proposed initiative would place Rokos alongside a growing number of major hedge funds seeking to supplement their in-house research with insights from third-party investors. These so-called buy-side alpha capture programmes allow firms to purchase trading signals or stock recommendations that can be incorporated into proprietary investment models.
Citadel is preparing to introduce a similar platform aimed at gathering trading intelligence from other hedge funds to support its quantitative investment strategies, while Point72 Asset Management is also reportedly exploring the development of its own programme.
The move reflects a broader shift among macro-focused hedge funds, many of which have expanded their exposure to equities alongside traditional trading in interest rates, currencies and other macroeconomic markets.
Brevan Howard Asset Management has been steadily increasing its equities activity, with stock trading helping offset weaker performance elsewhere in the firm’s flagship BH Master Fund last year. Equities also delivered the strongest returns for the fund during the opening quarter of 2026. Separately, founder Alan Howard is preparing to allocate capital to specialist equity hedge fund managers.
Rokos has also been strengthening its own equity capabilities. Earlier this year, the firm recruited former Xantium Group portfolio manager John O’Leary to lead a new systematic equities operation based in Boston.
The firm’s performance has remained strong in 2026, with a 3.7% gain in May lifting returns for the first five months of the year to 14.2%.
