Billionaire Chris Rokos has appointed Matthew Sebag-Montefiore as the new CEO of Rokos Capital Management. Sebag-Montefiore, who joined the firm in 2018, will assume his new role pending regulatory approval. The CEO position had been vacant since Mark Edwards stepped down earlier this year.
Based in London, Rokos Capital, manages $17.9 billion and is one of the largest discretionary macro trading hedge funds globally. Under Chris Rokos’s leadership, the fund has posted a 20.6% return through July, significantly outperforming the 6.1% average return for macro hedge funds tracked by Bloomberg. This success comes despite challenges in the macro hedge fund sector, where many were caught off guard by shifts in interest rate expectations. Rokos’s strategy of high-conviction, leveraged bets has proven effective in navigating these market conditions.
Sebag-Montefiore joined Rokos Capital as chief strategy officer and was appointed interim chief operating officer in March. Chris Rokos, with an estimated net worth of $1.8 billion according to the Bloomberg Billionaires Index, co-founded Brevan Howard Asset Management in 2002 before establishing his own firm in 2015.