Rokos Capital Management: Platform Profile

Overview

Rokos Capital Management is a London-headquartered global alternative-investment manager focused on macro trading.

Current U.S. regulatory identity:

• Legal adviser: Rokos Capital Management LLP
• CRD: 281215
• SEC number: 801-126230
• SEC registered investment adviser: Yes

Recent May 1, 2026 reporting described the firm as managing approximately $22B.

Current Form-ADV-derived regulatory AUM is much larger.

May fit better for

• professional and qualified hedge-fund investors;
• institutional global-macro allocators;
• investors seeking directional and relative-value macro trading;
• investors comfortable with leveraged derivatives;
• investors able to meet vehicle-level private-fund requirements;
• allocators seeking a concentrated specialist macro manager rather than a broad multi-manager platform.

May fit less well for

• ordinary retail investors;
• users expecting a multi-strategy equity platform;
• investors looking for one public universal fee;
• users who equate a $10M master-fund reference with universal access;
• investors requiring one published redemption schedule;
• users who assume "uncorrelated" means protected from all market declines.

Rokos combines directional and relative-value global macro

Current first-party regulatory/climate disclosure describes the investment approach as:

• Global macro: Yes
• Directional trading: Yes
• Relative value trading: Yes

The portfolio spans global macro asset classes.

Public AUM is about $22B; regulatory AUM is $219B

Recent May 1, 2026 reporting:

• Public AUM: about $22B
• Public AUM as of: 2026-05-01

Form ADV filings show:

• Regulatory AUM: $219B
• Regulatory AUM as of: 2026-06-29

The Global Macro Master Fund has a $10M ADV minimum reference

Current regulatory private-fund data:

• Rokos Global Macro Master Fund minimum: $10M

The same filing identifies very large gross assets for the master fund.

Gross master-fund assets are not equivalent to net outside investor capital.

Co-investment vehicle reference is $100M

Current regulatory data:

• RCM Co Investment Opportunities minimum: $100M

Current fee methods include AUM and performance compensation

Current regulatory profile:

• Asset based fees possible: Yes
• Performance based fees possible: Yes

Website access is restricted to professional investors

Current first-party website language:

• Website directed to professional investors: Yes

The site states that investment products can have separate suitability requirements.

Actual governing documents control investor eligibility.

Risk oversight includes dedicated governance

Current first-party disclosure describes:

• Risk Committee oversight;
• market risk;
• liquidity risk;
• counterparty risk;
• daily risk-team monitoring.

Abu Dhabi expansion does not change the canonical legal adviser

In May 2026, reporting stated that Rokos obtained approval to expand in Abu Dhabi.

Assessment

Rokos is the most strategy-concentrated manager in Batch 71.

Its core identity is global macro, combining directional and relative-value trading rather than operating a broad equity/credit/systematic multi-manager platform.

The public/regulatory asset gap remains crucial:

• about $22B public AUM;
• $219B regulatory AUM.

Vehicle-level $10M and $100M minimum references should remain tied to their specific funds.