Key Takeaways
- • Luke Sadrian, a commodities and metals trading specialist formerly at Brevan Howard, has departed Rokos Capital Management after a two-year tenure as a Partner and Investment Officer.
- • Sadrian was hired by Rokos Capital (founded in 2015 by billionaire Chris Rokos) to lead the firm's expansion into metals trading as part of its macro hedge fund strategy.
- • Following his February 2025 departure from Rokos, Sadrian joined Fulcrum Asset Management as a Portfolio Manager within its Discretionary team approximately four months later, signaling continued demand for his commodities expertise in the hedge fund sector.
- • The move reflects broader talent rotation dynamics within London's macro and commodities-focused hedge fund community, with experienced traders transitioning between established platforms.
Summary
Luke Sadrian, a Partner and Investment Officer at Rokos Capital Management, has left the £2+ billion hedge fund after a two-year stint. Sadrian, a commodities and metals trading specialist, joined Rokos Capital as part of the firm's strategic expansion into metals trading as it continued its evolution as a macro hedge fund.
Sadrian's background includes a notable tenure at Brevan Howard Asset Management before joining Rokos Capital, positioning him as an experienced hand in macro and commodities investing. His appointment at Rokos Capital had represented the firm's deliberate move to broaden its trading capabilities beyond traditional macro strategies into specialized commodity markets. During his time at the London-based hedge fund—founded in 2015 by billionaire Chris Rokos, a former Brevan Howard founding partner—Sadrian traded metals and contributed to the firm's portfolio management activities.
Following his departure in February 2025, Sadrian has resurged at Fulcrum Asset Management, an asset management firm with ties to former Goldman Sachs partners. He was appointed as a Portfolio Manager within Fulcrum's Discretionary team approximately four months after leaving Rokos Capital. This placement underscores the continued market demand for experienced commodities portfolio managers and reflects the fluid movement of specialist talent across London's hedge fund ecosystem. Sadrian's transition from Rokos to Fulcrum illustrates the competitive recruitment dynamics within alternative investment management, particularly for professionals with established track records in macro and commodity trading.
Sadrian's background includes a notable tenure at Brevan Howard Asset Management before joining Rokos Capital, positioning him as an experienced hand in macro and commodities investing. His appointment at Rokos Capital had represented the firm's deliberate move to broaden its trading capabilities beyond traditional macro strategies into specialized commodity markets. During his time at the London-based hedge fund—founded in 2015 by billionaire Chris Rokos, a former Brevan Howard founding partner—Sadrian traded metals and contributed to the firm's portfolio management activities.
Following his departure in February 2025, Sadrian has resurged at Fulcrum Asset Management, an asset management firm with ties to former Goldman Sachs partners. He was appointed as a Portfolio Manager within Fulcrum's Discretionary team approximately four months after leaving Rokos Capital. This placement underscores the continued market demand for experienced commodities portfolio managers and reflects the fluid movement of specialist talent across London's hedge fund ecosystem. Sadrian's transition from Rokos to Fulcrum illustrates the competitive recruitment dynamics within alternative investment management, particularly for professionals with established track records in macro and commodity trading.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.