, Columnist
Rokos’s Investors Sign Up for a Wild Hedge Fund Ride
Returns for the star trader’s firm are likely to be volatile, but that’s the point of the asset class.
Signing up for a wild ride in Chris Rokos’s hedge fund.
Photographer: Sean M. Haffey/Getty Images North AmericaThis article is for subscribers only.
Handing $1 billion to a hedge fund manager who lost a record 26% last year might seem like the ultimate example of throwing good money after bad. But the customers bankrolling an expansion of the $12 billion firm run by billionaire Chris Rokos presumably know exactly what they’re doing — backing an investor who swings for the fences in the expectation that the good years will overcompensate for the bad.
Rokos Capital Management raised $1 billion of fresh capital this week. Investors are signing up for a rollercoaster ride that’s become even wilder in the past few years.