Rokos Capital Management and Brevan Howard Asset Management were among a group of prominent hedge funds to suffer losses in July as sharp swings in artificial intelligence stocks disrupted strategies across the industry, according to a report by Bloomberg.
Chris Rokos’ firm fell 1.2% during the month, reducing its gain for the year through July to 8.1%, according to people familiar with the results. Brevan Howard’s Master fund also declined about 1.2%, leaving it up roughly 0.9% for the year.
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