Billionaire Chris Rokos De-Risks Hedge Fund After Losses
- London-based firm sends letter to clients after FT report
- Says firm played no part in discussions between regulators
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Chris Rokos has reduced risk in his macro hedge fund in response to double-digit losses this month, which could become his second-worst since the start of the money pool.
“We have de-risked following this month’s market price action, and P&L volatility has declined substantially as a result,” Rokos’s London-based investment firm told clients in a letter on Saturday, a copy of which was seen by Bloomberg.