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