Macro Trader Rokos Made Money in March as Peers Got Stung

Chris Rokos’ hedge fund posted gains in March even as his macro trading peers across the industry struggled with widespread losses while the war in the Middle East roiled markets.

Rokos Capital Management’s hedge fund returned about 2.1% last month, taking the year’s advance to 4.7%, a person familiar with the matter said, asking not to be identified discussing private information. The London-based investment firm manages about $22 billion.