Tags: accounting, Brevan Howard, Chris Rokos, counter-countersuits
Chris Rokos and his former hedge fund, Brevan Howard, agree on one thing: He was a pretty good trader. The former thinks that the latter’s five-year non-compete is a travesty of justice depriving the world of his irreplaceable skills. The latter is so afraid of those skills that it wants Rokos to sit out every one of those 1,826 non-competitive days, hoping that each one will blunt Rokos’ acumen as much as he fears.
And, indeed, the numbers back it up: Rokos was good. Four billion dollars-plus good. At least until 2012 when he lost almost $400 million and “retired” from a firm where losing $400 million is as good as a letter of resignation. Read more »
Tags: Brevan Howard, Christopher Rokos, Hedge Funds, non-competes, tiffs
For a lot of people in the banking industry, a non-compete is a nice little 3-6 month enforced vacation in between jobs. For Christopher Rokos, a co-founder of Brevan Howard, it’s a half a decade death sentence that will cause his trading hands and legs to shrivel up and break off, or at least become purely ornamental. Read more »
Tags: Andrew Hall, Astenbeck Capital Management, Brevan Howard, Bridgewater Associates, Carlson Capital, hedge fund managers, January, Moore Capital, performance, returns, Tudor Investment Corp
January’s numbers are in and they are… not great. Especially for Andrew Hall of Phibro fame, who, if he is in fact God, is proving the almighty rather fallible. Read more »
Tags: Bank of America, Bank of America Merrill Lynch, Brevan Howard, equities, Fabrizio Gallo, Hedge Funds, Larry Summers
According to CNBC’s Kate Kelly, BH made the decision to close the $600 million fund after portfolio manager Fabrizio Gallo left to join Bank of America (which has got to hurt) and investors were rumored to be unhappy with the ‘personnel changes.’ In related news, Larry Summers has apparently been tapped to help ‘woo‘ new clients, so they should be okay.