Macro hedge fund firm Rokos Capital Management made more than GBP900 million in profits during the early days of the coronavirus pandemic, according to a report in the Financial Times.

The firm generated returns of 44 per cent in 2020 – its best annual performance to date – generating GBP914 million in profit in the 12 months to 31 March, 2021.

According to a filing with Companies House, the income is available to be divided up among the hedge fund's partners with manager Chris Rokos, formerly a co-founder of Brevan Howard, eligible for the largest share of the gain, some GBP509 million.

The fortunes of the fund have since changed amid bond market turbulence with the fund posting negative returns of 25 per cent from January to November 2021.