Carrhae Capital is an independent investment partnership headquartered in London, regulated by the FCA and registered with the SEC.

Our aim is to deliver high quality risk-adjusted returns derived from investing in publicly listed companies operating in Emerging Markets. Since our inception in 2011, we have a proven investment track-record in navigating the inefficiencies and volatility in emerging markets.

The firm was founded by Ali Akay with backing from Blackstone, following a decade-long career as a portfolio manager at SAC, HBK and Goldman Sachs Principle Strategies. We have a qualified investment team comprising of 9 Emerging Markets professionals including on-the-ground presence in China and India, and a total staff strength of 16 employees.

Our investment team aims to generate absolute returns and alpha using the large dispersion that prevails in Emerging Markets equities. They invest in a universe of highly liquid companies that are unique stories, mispriced or offer secular growth in under-penetrated sectors.

We manage two very distinct strategies: 

Long / Short Hedge Fund

• Generates absolute returns by investing in our best ideas (long and short)

• Manages a low-net that is achieved through dynamic portfolio and risk management

• Absolute return with low volatility

Long Only Emerging Markets

• Aims to out-perform the index by investing in our best long ideas

• Manages a concentrated portfolio focused purely on generating alpha and is benchmark agnostic

• Index out-performance with market volatility