Rokos Capital Management, the London-based macro hedge fund founded by Chris Rokos, is tripling its redemption period to three years. This move comes alongside a decision to cap assets under management at $20 billion and return excess capital to clients. The fund more than tripled its profits in its latest reported fiscal year, giving management strong leverage to impose these new terms. The stated goal is to work with a smaller but stickier pool of capital to generate better returns.
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