LONDON, June 8, 2015 /PRNewswire/ --
The £14.4bn ($22bn) Strathclyde Pension Fund has allocated $50m to Markham Rae Trade Capital Partners, a spokesperson for the pension told HFMWeek. The investment will form part of Strathclyde's 'new opportunities' portfolio.
The spokesperson added that the scheme is currently carrying out a reduction in its traditional equity allocation in favour of more 'enhanced yield' investments.
London-headquartered Markham Rae is an absolute return manager with two strategies, a discretionary trading fund, and the trade finance fund in which Strathclyde has invested. The latter is 'short term, collateralised and self-liquidating' according to the manager's website (http://www.markhamrae.com). Markham Rae's CEO and chief risk officer is Jonathan Martin and CIO is Christopher Brandt.
SOURCE Markham Rae (UK) Ltd.