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Rokos Capital adds longer redemptions for hedge fund investors
The firm will cap quarterly investor-level redemptions at 8.3% under a new three-year share class, extending full exits to up to three years from about 12 months.
Rokos Capital Management is changing how quickly investors can fully withdraw from its hedge fund, moving to a three-year redemption structure aimed at stabilizing its funding base, according to Hedgeweek, citing people familiar with the matter and a Bloomberg report.
Under the new arrangement, Rokos will introduce an 8.3% quarterly investor-level redemption limit for a new three-year share class. The change means investors could take as long as three years to exit, versus the current setup where 25% of capital can be redeemed each quarter, allowing a full exit within 12 months.
Rokos, a London-based manager that oversees about $22 billion and is currently closed to new investors, is expected to offer existing investors a path to keep exposure by switching share classes. Investors in the existing one-year share class are expected to receive a portion of their capital back toward the end of the year unless they transfer into the three-year structure.
The shift reflects a broader trend among large hedge funds toward longer investor commitments. Hedgeweek noted similar steps by Millennium Management and DE Shaw, while Rokos’ flagship hedge fund posted a 9.4% gain during the first half of 2026.