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Chris Rokos paid himself almost half a billion pounds last year as his macro hedge fund soared in a highly volatile period for markets.
Rokos Capital Management paid £477mn in profits to its highest-paid partner in the year to March 2025, the largest amount since a £509mn payout in 2021, accounts filed to UK Companies House showed.
While the accounts do not disclose the identity of the highest-paid partner, this is widely believed to be Rokos, who is the firm’s founder, majority owner and key risk taker.
Rokos Capital declined to comment.
The hedge fund makes bets on key economic indicators such as inflation and interest rates through asset classes including commodities, equities and bonds.
Chris Rokos is one of the world’s best-known hedge fund traders and a co-founder of macro hedge fund behemoth Brevan Howard.
Rokos Capital was up 21 per cent last year in its lowest-fee share class, according to a person who had seen the numbers, enjoying wild swings in equity, bond and commodity markets that proved the best year for macro hedge funds since 2009.
The fund returned 31 per cent in 2024, which primarily contributed to the profits in this set of accounts, and 8.8 per cent the previous year.
The accounts also showed that revenues more than doubled from £445mn to £1.2bn and that the profit pool available for partners was a record £940mn.
Rokos is the main risk-taker at his $22bn hedge fund, supported by analysts and a team of senior investment professionals the firm calls investment officers. This approach is in contrast to most other hedge funds of a similar size, which have multiple key portfolio managers that make trades independently of each other.
After a disastrous 2021 when the fund lost a quarter of its value, performance has radically improved, increasing 51 per cent in 2022, with positive returns every subsequent year.
Other hedge funds, including Caxton and Graham, also enjoyed a strong 2025, as the sector enjoyed winning bets on copper, gold and on a weakening dollar.
Rokos’s old firm Brevan Howard had a mixed year, with its Master fund up an estimated 0.75 per cent and its Alpha Strategies fund up roughly 8 per cent.
