Rokos Fund considers gathering stock-picking ideas from external sources, following the approach of some peers.

People familiar with the matter say that the fund company founded by Chris Rokos is considering sourcing stock-picking intelligence from external parties, joining the ranks of peers such as Marshall Wace and Citadel. The sources, who requested anonymity due to the confidential nature of the discussions, revealed that Rokos Capital Management is considering establishing a so-called “alpha capture” program to obtain stock ideas from sell-side information providers. One person said that these discussions are still at an early stage and the plan could change. A representative from the London-based Rokos declined to comment.