Rokos Capital Management, the hedge fund firm founded by macro trader Chris Rokos, recorded a 2.4% gain for its flagship fund in September, taking YTD gains to 7%, despite double-digit losses earlier this year, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing the latest performance figures for the $15.6bn fund, which struggled in the early part of the year due to big swings in the interest rate markets, losing 15% in the first half of March alone.
Rokos subsequently de-risked the fund’s portfolio and upped bets in the technology sector during Q2.
Rokos’ turnaround is part pf a wider trend in the macro hedge fund space, with data compiled by Bloomberg revealing that funds have recovered from losses in the fist half of the year to gain an average of 1.2% during Q3.
