Chris Rokos’ Hedge Fund Gains 12% in First Half After June Bump

Billionaire Chris Rokos’ macro hedge fund extended gains in June to cap the first half of the year with double-digit returns.

Rokos Capital Management gained almost 2.6% in June, according to a person familiar with the matter. That boosted the macro hedge fund’s returns for the first six months to 12.3%, the person said, asking not to be identified because the details are private.

A representative for the hedge fund firm, which manages more than $22 billion, declined to comment.

Known for high-conviction macro trades, Rokos made money during what turned out to be a tough stretch for some ...