A post by @FirstSquawk on X.

Rokos Capital Management’s macro hedge fund fell 4.9% in October, trimming its year-to-date gain to 8%, according to a First Squawk post on X. The monthly loss marks a sharp setback for one of the industry’s best-known macro managers and signals that October’s cross-asset swings—spanning rates, currencies and equities—challenged even seasoned discretionary macro traders. The result matters because Rokos had been among the stronger performers in a macro strategy cohort still recovering from a difficult stretch, and a single-month drawdown of this size can meaningfully erode annual returns and investor confidence. Attention now turns to whether the fund can recoup ground into year-end and whether peers report similar October reversals, which would point to a broader de-risking across macro hedge funds rather than an isolated stumble.