Occupation hedge fund manager
Net worth Est. $US1+ billion
Known for Finance, philanthropy
Name Chris Rokos
|Born 21 September 1970 (age 45) (1970-09-21) London|
Education Eton College, University of Oxford
Chris Rokos (Christopher Charles Rokos, born 21 September 1970) is a British hedge fund manager, investor, and philanthropist.
Rokos was a founding partner of Brevan Howard Asset Management. After resolving a noncompete dispute with Alan Howard, his new firm is expected to start trading in late 2015 in one of the "most anticipated hedge-fund launches of recent years", according to the Wall Street Journal.
Chris Rokos is an Old Etonian. He holds a BA and MA in Mathematics from the University of Oxford ('89).
Rokos first made his name as a swaps trader at Goldman Sachs, then as a director at Credit Suisse – where Alan Howard worked – before co-founding Brevan Howard at the age of 31, along with James Vernon, Jean-Philippe Blochet, and Trifon Natsis, all from CSFB's proprietary fixed-income trading desk. The company name was created by using the first letters of the last names of the co-founders, with Rokos giving Brevan its "R".
Rokos became widely known as the firm's "star trader" and one of the world's most influential government-bond traders, with positions so vast Wall Street trading desks reportedly sought to stay abreast of his views on the market, as they could move long-standing relationships between prices. He generated $4 billion in profits trading securities tied to interest rates for the firm's flagship Master Fund, including $1.11 billion in 2007, equivalent to 27% of the fund's total profits that year, as well as $549 million in 2008 and $933 million in 2009. His best year for the Brevan Howard Master Fund came in 2011, when he made $1.27 billion, according to documents filed in his subsequent court case. In 2012 he was responsible for a $383 million loss before leaving the firm. Court documents also revealed that Rokos personally earned about $900 million during his 10 years at Brevan, a figure dwarfing previous estimates of his net worth.
After retiring in 2012, Rokos set up a family office in Mayfair to manage his fortune. In the summer of 2014 he filed a suit in the Royal Court of Jersey against Brevan Howard contesting the five-year noncompete restrictions which would have prevented him from managing outside capital until at least 2018. The high-profile case was settled out of court in January 2015, clearing the way for Rokos to start his own hedge fund. He is expected to raise $3 billion for Rokos Capital Management. Although investors are reportedly forbidden from discussing the launch, Reuters reported most of the money invested in the fund would be allocated by Rokos himself, with a primary focus on foreign exchange, fixed income and equity index products in developed markets and relatively liquid emerging markets. Rokos will work alongside two portfolio managers, former Goldman Sachs co-head of Asia Pacific macro trading Stuart Riley, and former Brevan partner Borislav Vladimirov. Other pre-launch hires among the firm's 50+ headcount include Nomura chief European economist Jacques Cailloux, and Barclays Capital global head of quantitative analytics Vladimir Piterbarg.
Chris Rokos is a major donor of the Conservative Party, and a member of David Cameron's dining club, the Leader's Group.
Rokos has made a number of charitable donations including to Amnesty International, WaterAid, UNICEF, and the Institute of Cancer Research, where he funds a five-year fellowship in Evolution and Cancer. In 2010 the Financial Times alleged him to be the anonymous collector who saved Domenichino's Saint John the Evangelist from export to the United States after British museums were unable to raise enough money to buy it. The painting was then loaned to the National Gallery.
His former Oxford University college, Pembroke, named the Rokos Quad after him when he gave the lead gift to a campaign which funded the new buildings complex that now surrounds the quad. Rokos has also established the Oxford-Rokos Graduate Scholarship, which covers the entire cost of living and fees for the full duration of a student's course.
Described by the Telegraph as a highly secretive man, Chris Rokos is reputed to be extremely private. Nothing is known of his personal life.