Chris Rokos’ Macro Hedge Fund Falls 17% in March After Bumper 2022 (Financial News)
Chris Rokos couldn’t celebrate his hedge fund’s bumper 2022 for long, as wrong-way bets on US government bonds left it reeling this month. Rokos Capital Management‘s £15.5bn macro hedge fund was down roughly 17% through 24 March, a person familiar with the matter told Financial News. The hedge fund’s year-to-date losses are now around 11.7%.
Brevan Howard’s Macro Fund Posts Second-Best Return in 15 Years (MarketWatch)
‘The macro landscape looks set to remain extremely interesting,’ says Brevan Howard non-executive chair Richard Horlick. In trying times, it can be a flip of the coin whether hedge funds can pull through for investors. Last year was no joke – fund managers had to wade through volatility from high inflation, soaring energy costs, shaky FX markets, and the war in Ukraine. Globally, hedge funds lost 4% for its investors last year, according to HFR data. But the volatility came as no surprise to Brevan Howard’s macro fund managers. They anticipated it and according to its annual report posted on Wednesday it proved “favorable” for its core macro strategies. The London-listed feeder fund BH Macro Fund posted almost 22% gains during 2022 – largely due to its positioning on global interest rates. That’s the second-strongest gain in 15 years.
Greenwich Hedge Fund Opens Norwalk Office (WestFairOnline.com)
Verition Fund Management LLC, a Greenwich-based hedge fund, has signed a lease agreement for 20,586 square feet at 45 Glover Ave. in Norwalk. The office building is part of the Towers at Merritt River, a corporate campus owned and operated by Building and Land Technology (BLT). Veriton also maintains offices in New York City and Singapore plus affiliate offices in London and Hong Kong. “We’re excited about the continued growth of companies moving into our buildings and their contributions to the long-term health of the local Connecticut economy,” said Carl Kuehner, chairman of BLT. “Our team has been hard at work in Stamford and Norwalk supporting the ecosystem for these new corporate entrants to thrive.”
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Hedge Fund WorldQuant Hires James Henderson from Squarepoint – Sources (Reuters)
LONDON (Reuters) – Hedge fund WorldQuant has hired James Henderson as deputy general manager based in London, two sources with knowledge of the matter told Reuters on Wednesday. WorldQuant is headquartered in Connecticut and was founded in 2007 by ex-video game programmer turned portfolio manager Igor Tulchinsky. It is a spin-out from Izzy Englander’s Millennium. WorldQuant manages money for Millennium and others, overseeing approximately $9 billion in assets under management.
Lars Wedenborn Strengthens Rhepa’s Board (Hedge Nordic)
Stockholm (HedgeNordic) – A well-designed and experienced board of directors is a powerful tool for any firm, including an asset management business. Rhenman & Partners Asset Management (“Rhepa”) has strengthened its board of directors with the addition of Lars Wedenborn, who has been part of the Wallenberg sphere since 2000, as an independent board member. “I am very much looking forward to being a part of Rhenman & Partners’ journey forward. Our focus going forward is on developing the organization and ensuring that the fund can create good returns,” Lars Wedenborn comments on his new role. “Rhenman & Partners is a high-performing company with competent people with impressive excellence and a fast work pace,” Wedenborn describes his first impressions since taking on the role. “The scientific advisory board that supports the investment team is a great asset.”
