Chris Rokos, a hedge fund billionaire, is reportedly planning to relocate his residency from the UK to Greece. This decision is driven by increasing tax pressures in the UK and the appeal of Greece's flat-tax regime. This move is part of a wider pattern of financiers departing the UK as the government seeks to raise billions in revenue. Blackstone President Jon Gray has also expressed concerns that UK tax policies are causing job creators to leave the country.
Rokos Capital Management, which manages approximately $22 billion and is currently closed to new investors, has also recently shifted its investor redemption cycle. The firm is moving to a three-year redemption cycle, meaning investors could take up to three years to fully withdraw their capital, compared to the previous 12-month structure. This change involves an 8.33% quarterly investor-level redemption limit for a new three-year share class. The company reportedly declined to comment on this development.
This shift in redemption policy reflects a broader trend among major multi-strategy and macro hedge funds, including Millennium Management and DE Shaw, which are seeking greater stability in their funding base by requiring longer investor commitments. Rokos's flagship hedge fund provided a strong incentive for investors to accept this change, having gained 9.4% during the first half of 2026. Chris Rokos, born in 1970, previously co-founded Brevan Howard Asset Management, where he generated approximately $4 billion for the Master Fund and personally earned around $900 million before founding Rokos Capital Management in 2015, which surged 20% in its first year.
