Rokos Macro Hedge Fund Slumped 5% During August Market Turmoil.

Chris Rokos's hedge fund, Rokos Macro Hedge Fund, experienced a significant loss of 5.2% in August due to global market volatility and concerns about a potential US recession. This was the fund's worst loss since March 2023 and only the fourth time it has declined by 5% or more in a month since its establishment in 2015. The fund's losses have reduced its gains for the year to just over 14%. Other hedge funds, such as Millennium Management, Balyasny Asset Management, and BlueCrest Capital Management, also faced challenges and had to liquidate positions or close trading pods. Despite these setbacks, Rokos, who is estimated to have a net worth of $1.8 billion, continues to run one of the largest macro hedge funds globally. [Extracted from the article]