Carrhae Capital, Llp
- Regulatory AUM
- $6.1B
- Discretionary
- $6.1B
- Clients
- 12
- Avg AUM / client
- $507M
- Accounts
- 12
- Employees
- 27
AUM over time
Annual snapshots from Form ADV filings · as of Jun 01, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $6.1B | 99.9% |
| Pension and profit sharing plans | 1 | $7.0M | 0.11% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $1.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Carrhae Capital Master Fund Ltd master | Hedge Fund | Cayman Islands | $1.0B | 23 |
| Carrhae Capital Long Master Fund Ltd master | Hedge Fund | Cayman Islands | $584M | 25 |
People (2)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Akay, Ali | Chief Investment Officer/Partner | Jun 2011 (15y) | ≈ 56.25% – 100% via Carrhae Capital Management (Uk) Ltd | |
| Howes, Robin, David | Chief Compliance Officer And Chief Operations Officer | Jul 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Carrhae Capital Management (Uk) Ltd | Partner | Jun 2011 | A | 75% or more |
| Canepa Cc Holdings Ltd | Partner | Apr 2021 | A | 25% – 50% |
Estimated effective ownership (look-through of filed bands):
- Akay, Ali: 75% – 100% of Carrhae Capital Management (Uk) Ltd × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Carrhae Capital Master Fund Ltd | Hedge Fund | $1.0B | $5.0M | 23 |
| Carrhae Capital Long Master Fund Ltd | Hedge Fund | $584M | $5.0M | 25 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/01/2026 | 1.77 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Goldman Sachs $7.0M (0% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 01, 2026.
View current Form ADV (SEC/IAPD) ↗