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Rokos Capital Management has ended talks with Lord Peter Mandelson over a lucrative advisory role after further revelations about his relationship with the convicted sex offender Jeffrey Epstein.
The London-based hedge fund had been in discussions about retaining Mandelson as an adviser, after he was fired in September from his role as Britain’s ambassador to the US over his relationship with the disgraced financier, but the talks ended on Friday.
Rokos Capital is run by Chris Rokos, one of the world’s best known macro hedge fund traders, who paid himself almost £500mn last year after his firm doubled revenues to £1.2bn.
The hedge fund told the FT on Wednesday: “RCM works with many consultants. We were in discussion with Peter Mandelson about adding him to our deep bench of consultants, but following the recent revelations on Friday, all such discussions were immediately terminated.”
The House of Lords’ register of interests shows that Mandelson had advised Rokos Capital in 2024 and 2025 but due to a leave of absence from parliament’s upper house has not been bound to disclose any further information.
Mandelson did not immediately respond to a request for comment on the talks being terminated.
In firing Mandelson from his ambassadorial role in September, the UK government said at the time that newly uncovered emails had revealed his relationship with the disgraced financier was “materially different” than previously known.
This is a developing story