"Last year was the latest in a run of strong returns for the fund, which made close to 31% in 2024. Add Rokos Capital to the list of macro hedge funds that outperformed in 2025. The firm, run by former Brevan Howard cofounder Chris Rokos, made 21% last year, a person close to the London-based manager told Business Insider. That follows gains of nearly 31% in 2024. The manager, which manages $22 billion, declined to comment."
"Macro hedge funds had a strong 2025 thanks to a choppy geopolitical environment caused by, among other things, President Donald Trump's tariff policies and conflicts in the Middle East and Ukraine. Bridgewater Associates had its most profitable year ever, Business Insider previously reported, with gains of 33% in its flagship Pure Alpha fund. Rob Citrone's Discovery Capital was up more than 35%."
"Rokos, in a way, is a throwback to a previous iteration of the hedge fund industry, which was dominated by big star traders instead of the multistrategy managers that have come to rule the space. He accounts for most of the risk-taking, Business Insider previously reported, and raised fees this past summer that give the firm a quarter of the trading profits generated."
Rokos Capital returned 21% in 2025 and nearly 31% in 2024. The firm manages $22 billion. Macro hedge funds broadly performed well in 2025 amid a choppy geopolitical environment driven by tariff policies and conflicts in the Middle East and Ukraine. Bridgewater's flagship Pure Alpha gained 33% and Discovery Capital rose more than 35%. Brevan Howard's two largest funds lagged, returning 0.8% and 8%. Chris Rokos remains the primary risk-taker at his firm and raised fees to take a quarter of trading profits.
Read at Business Insider
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