Hedge Funds

Chris Rokos’ macro hedge fund falls 17% in March after bumper 2022

The hedge fund told investors in a letter that it has decided to cut risks

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Chris Rokos's negative performance continues, according to latest data obtained by FN Photo: Les Wilson

Chris Rokos couldn’t celebrate his hedge fund’s bumper 2022 for long, as wrong-way bets on US government bonds left it reeling this month.

Rokos Capital Management's £15.5bn macro hedge fund was down roughly 17% through 24 March, a person familiar with the matter told Financial News.

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