Rokos Capital Management’s macro hedge fund, which is one of the world’s biggest with $14bn in assets, has fully recouped the losses it suffered earlier in the year having racked up a gain of 3.7% in July, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the fund is now up 2.7% for the year through July, having at one point in March been down more than 15% after bets on short-term interest rates backfired in the aftermath of the collapse of Silicon Valley Bank.
According to data from Bloomberg, macro hedge funds have returned 0.8% on average so far in 2023.