Former Goldman Sachs co-head of Asia Pacific macro trading, Stuart Riley, has joined Brevan Howard ex-trader Chris Rokos in his new venture, according to media reports.
Rokos, who reportedly made $4 billion for Brevan Howard between 2004 and 2012, began setting up his own fund after a legal dispute with Brevan came to an end in January. The new fund is expected to raise billions of dollars and be one of the largest hedge fund launches of the year.
Riley will relocate from Hong Kong to London as part of the appointment. He was at Goldman for 15 years and made partner in 2010 before moving to Hong Kong.
Brevan Howard, which Rokos co-founded in 2002 with Alan Howard and three others, manages approximately $27 billion. It will take a financial interest in the new firm, according to a January statement.
Additional details about the new fund have not been disclosed.