London-based Rokos Capital chalked up a 20% gain in 2016 in one of the hottest hedge-fund launches of recent years. But this year, the fund is down 1.2% through September, in common with many peers who bet on moves in bonds and currencies. Investors buying the S&P 500 would have made more than 14%, including dividends, over that period. Mr. Rokos made billions of dollars for investors and a name for himself as a savvy risk taker at Brevan Howard. After leaving the hedge-fund firm in 2012, he...

The fund will release further details of its plan this week. It owns about 75 million francs ($77 million) in CS stock, or about a 0.2% stake, according to a person close to the bank. “It’s going to be better off being a pure player,” William Raynar, a board member at RBR, told The Wall Street Journal. It has become “extremely difficult” for the investment bank to be competitive, he said. He added that RBR has had “a number of interactions” with other investors. Activists typically encourage...

The prospect of interest rate increases in the U.S. and U.K. is playing havoc with the trades of several large hedge funds. Computer-driven funds have been trying to profit for months from steady declines in the dollar, British pound and government bond yields. But many took a battering last month when the Federal Reserve and Bank of England pointed to future interest rate rises, sending those assets into reverse. While...

A controversial banquet in London on Nov. 2 will take place under tight security. It will mark 100 years since the signing of the Balfour Declaration—a promise by the U.K. government to “view with favor” a Jewish “national home” in Palestine. Two descendants of David Lloyd George, the British prime minister at the time of the signing and a key supporter of the promise, sharply disagree on the declaration’s legacy. Robert Lloyd George, a great-grandchild of the former premier, will attend and...

Fortress Investment Group LLC has hired a team of hedge-fund managers from Deutsche Bank AG, two of whom are the subject of a complaint from another U.S. hedge fund. London-based Magnus Lorrain-Smith, who has worked at Deutsche for nearly 25 years, Ben Keefe and New York-based Apostolos Peristeris left Deutsche in October and are set to join Fortress, the New York-based investment manager with $72.4 billion in assets, according to two people familiar with the matter. ...