Rokos Capital Management, the hedge fund run by Brevan Howard Co-Founder Chris Rokos, has extended its year-to-date gains to around 20%, affirming its position as one of the best performing macro firms so far in 2024, according to a report by Bloomberg.
The report cites an unnamed source familiar with the matter as confirming that the $17bn fund gained around 6% in April, as some other macro funds struggled.
According to data from fund administrator Citco, global macro fund performance was the most widely dispersed of any hedge fund strategy during the first three months of the year, with the top performers chalking gains of 20% or more and the worst seeing losses of up to 10%.
While many managers suffered from a sell-off in US bonds prompted by a shift in interest rate expectations, Rokos, who is known for placing high-conviction leveraged bets, reportedly profited from the market pivot.
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