One of the biggest sidestep fund launches in recent memory is
planning to double its investment group and some-more than double
UK-based Rokos Capital Management, which creates macroeconomic
bets, is looking to grow its series of portfolio managers
from 5 to 10 in a light expansion, two people informed with
the matter said.
The people requested anonymity given the information isn’t
The enlargement would concede the fund to eventually conduct as much
as $15 billion, some-more than double what the organisation currently
manages, at around $6.7 billion, the people said.
Chris Rokos was formerly a partner and star merchant at Brevan
Howard Asset Management, a Europe-based sidestep fund titan that has
struggled to keep resources over the past few years on the back of
underperformance. Rokos launched his fund in 2015
after suing Brevan to exit a partnership agreement that was
set up to forestall him from rising a fund for 5 years,
according to a
Financial Times report.
Adding resources and portfolio managers would meant that Rokos would
eventually scale back the commission of resources he personally
manages. He now manages the bulk of the money, the people
Rokos lifted about $2.2 billion progressing this year in a quick
collateral raise, the people added. The fund has given technically
sealed to new income but is approaching to open again at some point
in the future, one of the people said.
Investors can opt to compensate a 1% government fee and 30%
opening fee, or a 2% government price and a 20% performance
fee, the person added.
The fund returned about 20% last year, making it one of the
industry’s top performers, Bloomberg reported progressing this year.
Performance this year, however, is down about 2% by the end
of February, according to one of the people.