Aug 10 Hedge fund firm Brevan Howard is battling
a court case filed by former trader Christopher Rokos, who is
asking for his five-year non-compete clause to be overturned,
the Financial Times reported on Sunday, citing documents filed
to a court in Jersey.
Co-founder Rokos, who hopes to launch his own hedge fund,
has argued in his filing that a five-year ban on him would
"atrophy" his trading skills, and damage his professional
reputation and contacts, the paper said.
Rokos left the firm in 2012 after the amount of money he
managed was cut. Brevan Howard is best known for its $28 billion
Master fund - a macro hedge fund that has until now never had a
The FT said Brevan Howard had stated in court that due to
Rokos' skills as a trader and past access to investors, any
attempt he made to start his own fund "constitutes a significant
and ongoing threat to the legitimate interests of the
The case will be heard in November this year, the daily
Brevan Howard and Rokos did not immediately respond to
separate emails seeking comments.
(Reporting by Esha Vaish in Bangalore; Editing by Marguerita