Former Brevan Howard star trader Chris Rokos’ $6.8 billion hedge fund has roped in yet another senior executive from Barclays, continuing its hiring spree in London as it expands its UK operations.
Dan Azzopardi, a former director at Barclays Capital, joined Rokos Capital Management as the chief technology officer (CTO) in December. Azzopardi comes with 17 years of experience. Alongside equity derivatives technology, he specializes in technical leadership, agile development, distributed computing and Excel-based front office tools and application development, according to his LinkedIn profile.
In his previous London-based role at Barclays, Azzopardi was responsible for front office rapid application development (an application development methodology which reduces the time required for development ) for equities, equity derivatives market risk systems design and delivery as well as high-performance computing and grid computing strategy. Before joining Barclays in 2007, he worked for Credit Suisse, where he lead rapid application development team for equity derivatives and oversaw the delivery of the next generation of scalable grid computing infrastructure.
Azzopardi is the latest addition to Rokos Capital’s list of senior recruits, which predominately includes former traders from large investment banks. Last year, it hired Michael Waresh, a former Goldman Sachs prop trader, Ramnek Matharu, a former Goldman Sachs managing director, Omar Gzouli, a former managing director at Barclays in New York and Robin Wilson, the former head of emerging markets trading for Europe, the Middle East, and Africa at Credit Suisse.
Rokos Capital Management was set up in 2015 by Chris Rokos after a long non-compete dispute with his former employer, Brevan Howard Asset Management, where he was also a co-founder. Its assets under management ballooned to $6.8bn after it raised $2.2 billion in early 2017. Although Rokos Global Macro Master Fund had a rough first half of 2017, with performance reportedly down by -5.1%, it gained +3.3% in September, according to Bloomberg, narrowing down the loss to just -1.2% by the end of October 2017