Chris Rokos, co-founder of Brevan Howard Asset Management, is leaving the hedge fund firm, according to people familiar with the matter.
Mr. Rokos won’t be managing money at Brevan Howard as of the end of this month, said one of the people, who asked not to be named because his departure hasn’t been made public. CEO Nagi Kawkabani declined to comment.
Alan Howard founded Brevan Howard in 2002 with four other traders from Credit Suisse Group AG’s proprietary fixed-income trading desk. With Mr. Rokos’ departure, only Trifon Natsis will remain working with Mr. Howard, the firm’s chief investment officer. James Vernon left the firm last year. Jean-Philippe Blochet left in late 2009.
“I am grateful for the friendships I have made along the way,” Mr. Rokos said Thursday in an e-mail to Brevan Howard employees. “I am especially grateful to Alan for his confidence and his guidance through varied and sometimes tumultuous markets over our 14 years working together at Credit Suisse and Brevan Howard. The firm has a deep bench as it has ever enjoyed and I have every confidence that it will continue to thrive.”
Mr. Rokos said in the memo he hasn’t decided what he’ll do next.
