Hedge Fund Titan Rokos Said to Quit UK for Greece

Chris Rokos, founder of Rokos Capital Management, is reportedly transferring his tax residency from the United Kingdom to Greece. This move comes as the UK abolished its "non-dom" regime, which allowed wealthy foreigners to avoid British taxes on certain overseas income. Rokos, whose firm manages approximately $22 billion in assets and who has a personal fortune estimated at $4 billion, was among the UK's largest taxpayers, having paid around $447 million (330 million pounds) in the past year.

Rokos's decision is influenced by Greece's special tax regime for wealthy foreigners. Under certain conditions, individuals can pay a flat tax of €100,000 annually on all foreign income for up to 15 years. Greece also offers a 15-year tax regime for wealthy investors and has recently amended rules for investment fund managers, taxing carried interest at 5%. These incentives are significantly more appealing than the UK's new four-year "Foreign Income and Gains" scheme, which offers tax exemptions on overseas income for a shorter period.

Rokos Capital Management has also recently adjusted its redemption cycle for investors, moving to a three-year share class. This change, which allows for a full exit within three years compared to the previous 12 months, is aimed at securing greater stability in its funding base, mirroring similar moves by other major hedge funds like Millennium Management and D.E. Shaw. The fund's strong performance, with its flagship fund gaining 9.4% in the first half of 2026, provides an incentive for investors to accept these changes.

Chris Rokos has a notable history in finance, co-founding Brevan Howard Asset Management in 2002, where he generated roughly $4 billion for the Master Fund. After a legal battle to break a non-compete clause, he founded Rokos Capital Management in 2015, which saw a 20% surge in its first year, partly due to macro positioning around the 2016 U.S. election. His departure from the UK is part of a broader trend of wealthy individuals leaving the country ahead of upcoming budget changes.