The fund is run on a systematic basis and aims to achieve double-digit annualised returns over a cycle with positive returns in equity market drawdowns. The approach used means the fund is likely to be uncorrelated to traditional assets and its peer group

Why R&M Global Macro Fund?

This macro team has a fundamental understanding of rotating capital across the full asset class spectrum and has the added benefit of a dedicated derivatives team.

The macro approach combines investment expertise across macro, security selection and hedging, with our ability to understand client needs in depth to build portfolio components that achieve specific objectives with a focus on reducing recovery time.

This fund is managed by a dedicated, award-winning team, who have been managing multi-asset portfolios since 2003.

Investment strategy

The Fund aims to seek to achieve double-digit annualised returns and positive returns in significant risk asset drawdowns with Sharpe ratio greater than 1.

It seeks to achieve this through systematically combining macro and motion signals to a range of liquid asset classes. We believe this strategy has a competitive advantage over other global macro strategies, because of its ability to capture significant equity and risk asset returns when they are available, while avoiding them when they are not.

Two of our core beliefs underlie the fund:

Highly efficient returns are achieved by varying the size of positions in proportion to the confidence in the position.

Confidence in a position is greatest where the prevailing macro drivers of the investment are consistent with the way the market is behaving –what we consider to be motion. Confidence is least where these macro drivers and motion are inconsistent.

Fund facts

AUM

$218m as at 30 September 2020

Fund manager

Mike Faulkner

Joe Andrews

About the fund managers

Mike_Faulkner

Mike Faulkner
CIO

Mike founded P-Solve in 2001 and served as its chief executive officer until the merger with R&M Asset Management LLP in 2014. Under his direction, P-Solve was one of the first institutional advisers in the UK to offer fiduciary management to pension schemes. Mike has 22 years of consulting and asset management experience. He was ranked number one in the Financial News category of Europe's most influential asset managers and included in the overall top 10 in its FN 100 Most Influential annual survey in 2011. Mike is a Mathematics graduate from Imperial College, London.

Mike_Faulkner
Joe_Andrews

Joe Andrews
Portfolio Manager, Macro strategies

Since joining R&M in 2012, Joe has worked in the team responsible for delivering the fiduciary management service. Currently Joe is a member of the Macro Committee, which is responsible for setting house views for all R&M Fiduciary and Advisory clients. He also co-manages the Research & Development process responsible for idea generation and ensuring the regular and detailed monitoring of macro themes, client portfolios and underlying fund allocations as well as ongoing research into new investment products and strategies.

Joe_Andrews

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Arabella Townshend

Head of UK Institutional

Arabella Townshend

Head of UK Institutional

Arabella is a director, and Head of UK Institutional Distribution, working with her team to provide investment solutions to UK pension schemes, their consultants and trustees. Arabella joined River and Mercantile in 2010 from Edinburgh University where she gained a degree in Geography.

Graham Martin

Associate Director, UK Institutional

Graham Martin

Associate Director, UK Institutional

Graham is an Institutional Sales Director, developing and supporting institutional clients across Europe that invest in our equity, derivatives and alternatives strategies. Prior to joining R&M, Graham worked at Optima Fund Management for 11 years as Managing Director and Head of European & Middle Eastern Sales. Graham was at Gartmore for nine years, the last five of which as Hedge Fund Business Development Director on a small team selected to build a $6 billion hedge fund business. Graham has also held senior roles in investment management at BRI group and at Pointon York and is a non-executive director of Carvetian Capital Management. Graham is a UK Associate of the Society of Investment Professionals and holds a degree in Financial Services from Bournemouth University.

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