Rokos Capital Management is the latest big macro hedge fund to expand into commodities with the appointment of Luke Sadrian, a former portfolio manager at Moore Capital Management, as an investment officer, according to a report by Bloomberg. 

Rokos Capital Management is the latest big macro hedge fund to expand into commodities with the appointment of Luke Sadrian, a former portfolio manager at Moore Capital Management, as an investment officer, according to a report by Bloomberg. 

Sadrian who, like Rokos founder Chris Rokos, perviously worked at Brevan Howard, has been running his own Commodities World Capital fund since 2016. 

The report cites a spokesman as confirming that he has joined the $14.5 billion firm to establish a new metals vertical, working closely with the existing Rokos energy team.

Commodities traders have been in demand with macro managers recently as big price swings have fuelled interest in the asset class. Both Balyasny Asset Management has recently added two former Goldman Sachs Group commodity executives to its team, while Millennium Management tapped on of Goldman’s top traders and BlueCrest Capital Management has also been hiring.