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$4 Billion Trader to Start Hedge Fund After Settling Suit With Brevan Howard
Chris Rokos, who generated more than $4 billion as a trader at Brevan Howard Asset Management, will start his own hedge fund with the backing of his former employer after settling a lawsuit against the firm. Rokos, who co-founded Brevan Howard with billionaire Alan Howard and three other traders in 2002, will start the fund later this year, he and Brevan Howard said in a joint statement. Brevan Howard said it will take “a financial interest” in the venture, without giving details. The firm is likely to be the largest hedge fund startup in London this year, with bankers expecting him to raise billions as other ... (full story)
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