Rokos Capital Management, the macro hedge fund major founded by Chris Rokos, stands to make a profit of more than $1bn after a bet on US interest rates paid off following a sell-off in US bonds, according to a report by The Telegraph.
The sell-off was prompted by the Federal Reserve's decision to hold interest rates at 5.25% to 5.5% last month after inflation proved more stubborn than expected measuring 3.1% in January, dampening market hopes of rate cuts.
According to figures reported by the Financial Times, Rokos Capital Management, which manages $16bn in AUM, has now gained 8.8% year to date.
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