Billionaire Chris Rokos Hedge Fund Breaks Five-Month Losing Streak

(Bloomberg) --

Chris Rokos's hedge fund gained about 1.5% last month, ending five months of losses for the billionaire macro trader.

The hedge fund, which manages about $12 billion, is still down 25% this year, according to a person with knowledge of the matter who asked not to be identified because the information is private.

A spokesman for the London-based money manager declined to comment.

Rokos is among a group of high-profile macro traders who have suffered because of bond-market volatility triggered by growing speculation that central banks will raise rates faster than expected to contain inflation. His fund's decline, however, stands out as one of the biggest in the macro fund industry. 

Read More: Rokos Hedge Fund on Track for Worst Year With 18% October Plunge

Hedge fund Alphadyne Asset Management, another money manager to suffer sharp declines on similar trades earlier this year, tumbled another 6.4% last month, extending its loss for the year to 22%, Bloomberg reported last week.

Rokos fell about 18% in October in his biggest-ever monthly decline since he started trading for his own hedge fund firm in 2015. It is heading for a record year of losses after returning 44% in 2020. Macro hedge funds tracked by Bloomberg were up an average of almost 8% in the first 10 months of this year.

©2021 Bloomberg L.P.