• MarkhamRae are delighted to have won 'Best Fixed Income Manager' and to be highly commended in the Macro over $500m category for our 'Discretionary Macro Fixed Income Fund' at the HFM European Performance Awards on Thursday 21st April in London.

    The discretionary macro fixed-income strategy focuses exclusively on developed market interest rates and developed and selected emerging market currencies.  The strategy aims to deliver positive returns for the long-term investor offering uncorrelated returns and positive convexity.

    "Nonlinear risk enables us to tailor our positions to our macro view, thus giving us increased exposure if we are correct and less exposure if we are wrong."

    The strategy takes a top-down macro approach that uses more optionality than other funds in the same space tend to employ.  

    Chris Brandt, CIO, MarkhamRae commented: 'Nonlinear risk enables us to tailor our positions to our macro view, thus giving us increased exposure if we are correct and less exposure if we are wrong. It also provides us with relatively less sensitivity to the timing of macro moves.  We are less concerned about whether the Fed raises rates at its next meeting and are more interested in the general direction over the medium term.'  He added 'We are delighted to have received the award."

    The awards, which are judged by a panel of experts, recognise excellence among funds that are deemed to have outperformed their peers over the past year.

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    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.
    Significant negative correlation to traditional fixed income.