Carrhae Capital, LLP (London)


Carrhae Capital, LLP is an adviser based in London. It manages $639.5 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012.

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Carrhae Capital provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Carrhae Capital: assets under management

The assets under management (AUM) of Carrhae Capital, LLP is $639.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $573.24 million of the total AUM is attributable to clients outside of the United States.


The firm manages $639.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $79.94 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carrhae Capital, LLP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carrhae Capital serves?

The only and largest group of clients of Carrhae Capital is pooled investment vehicles with 8 clients and $639.5 million of assets under management. Among the 10 most similar advisory firms, Carrhae Capital has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $639.5 million for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Carrhae Capital also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Carrhae Capital, LLP

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ali Akay has served as the Chief Investment Officer since 1 Jun 2011 and James Robert Kirkwood is the Chief Executive Officer of Carrhae Capital, LLP family office. Adrian Denis Headon joined the executive team most recently as the Chief Compliance Officer/Chief Operating Officer/Partner.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Ali Akay Chief investment officer/partner 1 Jun 2011 Other 4439891
Adrian Denis Headon Chief compliance officer/chief operating officer/partner 1 Jun 2011 Other 5079232
Carrhae Capital (Uk) Ltd Partner 1 Jun 2011 75% - 100% foreign
James Robert Kirkwood Chief executive officer 1 Apr 2016 Other 6925238

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Carrhae Capital (Cayman) Lp Corporate owner 1 Jun 2011 75% - 100% foreign
Carrhae Capital (Cayman) Ltd General partner 1 Jun 2011 Other foreign

Based in London

The principal office where Carrhae Capital, LLP performs its advisory services is located at 39 St. James's Street, London, Sw1 A 1 Jd, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +44 203 205 4850. The normal business hours are 9-6 on Monday - Friday. You can find more information about the New York firm at carrhaecap.com.