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Brevan Howard May Seek Up to $73 Million Paid to Rokos

Brevan Howard may seek the return of as much as $73 million it paid to Chris Rokos, one of the hedge fund’s former top traders, after he tried to start his own investment firm.

Rokos, 43, is suing Brevan Howard (Jersey) LP to void an agreement that restricts him from managing outside investors’ money until 2018, according to his lawsuit. He’s also asking the court to rule that he should still get profit allocations from Brevan Howard until 2018, even if the restrictions are lifted and he is allowed to operate his own fund.