Rokos Capital: Japan Will Raise Rates In The Next 18 Months [Exclusive]

Rokos Capital returned 3.3% in July and is up 2.7% year-to-date, according to a copy of the hedge fund’s latest monthly investor letter ValueWalk has been able to review. The London-based macro hedge fund, founded by Chris Rokos in 2015, had an excellent start to the year but came unstuck in March.

After adding 51% net of fees in 2022, the fund recorded a positive return in January and February of this year before losing nearly 16% in March amid the bond market turmoil caused by the collapse of Silicon Valley Bank and its peers.

Rokos’s losses were so severe regulators on both sides of the Atlantic became concerned about the hedge fund’s impact on the global financial system.

Rokos is known for...