Former Brevan Howard co-founder Chris Rokos has hired Borislav Vladimirov to help build a new hedge fund, Rokos Capital Management. The new fund is expected to become one of the largest European launches since the financial crisis.
Vladimirov, a former partner at Brevan Howard, started working with Rokos last month. According to Bloomberg, he will likely work on emerging markets once the new hedge fund begins trading. He joined from Graticule Asset Management Asia, a fund partially owned by Fortress Investment Group. Prior to this, he worked at Brevan Howard for eight years.
Stuart Riley, who was a former Asia-Pacific co-head of macro trading at Goldman Sachs Group, accepted a role at Rokos in March.
Rokos made $4 billion for Brevan’s primary fund between 2004 and 2012. In the process, he earned roughly $900 million. However, his former fund sued him to prevent Rokos from managing his own money until 2018. After settling the legal dispute with Brevan Howard in January – one that gives Brevan a “financial interest” in his success — Rokos hastened his focus on launching his own fund.
Rokos Capital is expected to be one of six new hedge funds that begin with at least $1 billion in managed capital this year.