Deals
‘Exceptional Trader' Rokos Attracts $500 Million From Blackstone
- Rokos has about $500 million of his own money in the fund
- He plans to pause money raising when he reaches $3 billion
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Chris Rokos, described by his former boss Alan Howard as an “exceptional trader,” raised more than $500 million from Blackstone Group for his new hedge fund, according to two people familiar with the transaction.
Rokos started his Rokos Capital Management in London a month ago with roughly $1 billion -- about half from his own pocket and the rest from Blackstone. He’s since attracted other investors to the fund, which chases macro-economic trends in stocks, bonds and currencies. He plans to pause in his money-raising efforts when he hits $3 billion in assets.