PROVIDING
innovative solutions
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Risk Management
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,
Liquidity
&
Capital Preservation

MarkhamRae is an absolute return  manager.

Welcome to MarkhamRae

MarkhamRae currently manages four absolute return strategies in both discretionary and systematic macro, tactical fixed-income and trade finance. We currently have £1bn as at end of Oct 2017*.

Our clients are corporate and local authority pension funds, insurance companies and family offices currently located in the UK, Europe and North America.

We aim to deliver consistent positive returns for the long-term investor.

Discretionary Macro

We focus exclusively on developed market interest rates and developed and selected emerging market currencies which distinguishes the strategy from other fixed income funds. The fund does not invest in credit, emerging market bonds, high yield or sovereign bonds.

Systematic Macro

Ashenden and MarkhamRae recently entered into a partnership to establish and manage the Ashenden Trend Plus Fund. MarkhamRae is the Manager of the Fund and Ashenden is the Trading Advisor.

The Ashenden Trend Plus Fund invests systematically in both trend-following and mean-reverting strategies across multiple asset classes (equities and futures).

Tactical Fixed-Income Relative Value

Ovington Capital and MarkhamRae have entered into a partnership to manage the Ovington Master Fund Ltd.  This fund pursues a tactical fixed income relative value approach.  MarkhamRae is in the process of becoming the AIFM for the fund and Ovington will become the Trading Advisor.

The strategy implements a diversified group of fixed income trades of tactical mis-pricings in G7 government bonds and their derivatives. The strategy has a track record of delivering stable risk-adjusted returns during multiple risk-on and risk-off markets. 

Trade Finance

Trade finance is one of the world’s oldest and largest financial activities. We make trade finance investable for non-bank investors without connected operational and scalability problems. The strategy provides the full benefits of the superior risk adjusted returns of trade finance.

*As at August 2017


Key points

Discretionary Macro

Low correlation to equity and fixed income asset classes providing an uncorrelated return to traditional assets.
Focus on absolute return: capital preservation is at the heart of what we do.
Experienced team with long tenure.

Systematic Macro

Diversification – low correlation to traditional asset classes.
Innovative cross-fertilisation of techniques to profit both from trend and reversion factors.
Highly experienced team with a long history of collaboration.

Tactical Fixed-Income Relative Value

Low volatility and highly liquid.
No credit and duration neutral.
Low correlation to traditional fixed income.

Trade Finance

Short term, collaterised and self-liquidating.
Low correlation to other banking activities.
Proven team with sole focus on Trade Finance.