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Chris Rokos’ macro hedge fund falls 17% in March after bumper 2022

The hedge fund told investors in a letter that it has decided to cut risks

Chris Rokos's negative performance continues, according to latest data obtained by FN
Chris Rokos's negative performance continues, according to latest data obtained by FN Photo: Les Wilson

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.

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