Home

Who We Are

Scroll Down

WHO WE ARE

Discretionary Macro Trading

Maniyar Capital ("MC") is an investment management firm focused on discretionary macro trading.

THE FIRM

Maniyar Capital is based in London at 25 Soho Square. The firm features a broad and diverse team of professionals who apply new and innovative approaches to the challenging field of discretionary macro trading. The firm has a global clientele which includes public funds, corporate pensions, insurance companies, endowments, health care organisations, hedge fund advisors, family offices, and private investors.
DHARMESH MANIYAR

Dharmesh Maniyar is a data scientist by training who pivoted into the discretionary macro trading world in 2007. Dharmesh worked at two of the preeminent firms in the space, Brevan Howard and Tudor, before spinning out from Tudor to start his own firm, Maniyar Capital, in 2020. Tudor and Maniyar are strategic partners.
INVESTMENT APPROACH

We believe that Maniyar Capital has a distinctive “edge”, namely an investment approach that analyses the field of global macro trading through a quantitative lens. Our team has decades of trading experience combined with deep expertise in mathematics, computer science, and data science. We believe that this blend of experience and skills contribute to our “edge”. Our investment approach recognizes that managers must innovate and adapt in order to succeed, particularly since global financial markets have evolved dramatically since the Global Financial Crisis.

What We Do

WHAT WE DO

Advanced quantitative techniques

The MC investment team evaluates investment opportunities across interest rate, fixed income, equity, currency, commodity, and credit markets on a global basis.

The team utilizes advanced quantitative techniques as part of the investment management process, sourcing and structuring trades, creating a portfolio, monitoring positions, and seeking returns that feature little or no correlation to traditional asset classes.

Contact Us

CONTACT US
6th Floor
25 Soho Square
London
W1D 3QR
United Kingdom

+44 20 3994 1860

LinkedIn

INVESTORS RELATIONS
IR@maniyar.com

CAREERS
careers@maniyar.com

TERMS AND CONDITIONS OF USE

By using this website, you confirm that the terms and conditions available at Terms & Conditions will be accepted and complied with. If you disagree with any segments of these terms and conditions, you are not permitted to use this website.

Regulatory Disclosures

COMMITMENT TO THE UK STEWARDSHIP CODE - Under Rule 2.2.3R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, Maniyar Capital Advisors UK Ltd. (“MC” or “the Firm”), to the extent it is managing investments for a professional client (as defined by the FCA), is required to include a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out twelve principles relating to engagement by asset owners.

MC pursues a global macro investment strategy and as such invests across a variety of asset classes and markets globally and material exposure or controlling stakes in investments issued by corporates is not taken on a systematic basis. Therefore the Code’s relevance has limited applicability to MC’s investment strategy given its limited ability to exercise stewardship. Were stewardship issues to arise MC would take a consistent approach to engagement with issuers and their management in all of the jurisdictions in which it invests and as such, in practice, MC would take into consideration the principles as set out in the Code, such as on Conflicts of Interest. So whilst MC supports the objectives that underlie the Code, the nature of its investment strategy would mean that it is not practical for it to formally engage with all the principals at this stage although this remains under continuous review.

Shareholder Rights Directive (SRD II)

SRD II aims to promote effective stewardship and long term investment decision making. It sets requirements in several areas, including transparency of engagement policies and investment strategies across the institutional investment community.

Under Rule 2.2B.5R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, and with respect to investment activity in shares admitted to trading on regulated markets in the EEA, or on comparable regulated markets outside the EEA, MC is required to either

1. develop and publicly disclose an “Engagement Policy” providing details of how the Firms investment strategies and shareholder engagement activities, and their implementation, contribute towards the medium and long term performance of the assets of the fund; or

2. publicly disclose a clear and reasoned explanation of why it has chosen not to comply with any of the requirements under this rule

As MC pursues a global macro investment strategy and exposure is not taken into single issuer equities on a systematic basis, the nature of its investment strategy would mean that it is not practical for it to formally engage with investee companies and carry out shareholder engagement activities. The Firm has therefore chosen not to implement an Engagement Policy at this time.

Terms & Conditions

Please read these Terms and Conditions (the “Terms”) carefully before proceeding as the distribution and circulation of the information provided on this website may be restricted due to certain regulations imposed – www.maniyar.com (the “Website”).

Terms and Conditions

1. Maniyar Capital Advisors UK Ltd.

1.1 The Website is operated and issued by Maniyar Capital Advisors UK Ltd. (“MC” or the “Company”, “we”, or “us”) which is authorised and regulated by the Financial Conduct Authority of the United Kingdom (the “FCA”) (Reference Number: 849366). You can obtain access to the FCA's rules and guidance notes from the following link: http://www.fca.org.uk.

1.2 MC is a limited company registered in England and Wales (Company Number: 11972438), with its principal place of business and registered address at 25 Soho Square, London, W1D 3QR, United Kingdom.

1.3 General enquiries about this Website should be sent to info@maniyar.com

Enquiries about investments in any MC managed product should be sent to ir@maniyar.com

2. Terms

2.1 This notice sets out the terms and conditions in which you may use this Website, applicable to all pages, even where not individually disclaimed. These terms also integrate our Cookies Policy and Privacy Notice (please reference paragraph 3 below) and various other policies and procedures that we may publish from time to time on this Website. They will be individually incorporated through reference and may be updated from time to time without notice.

2.2 By using this Website, you confirm that these terms and conditions will be accepted and complied with. If you disagree with any segments of these terms and conditions, you are not permitted to use this Website.

3. Cookies and Privacy

3.1 This Website uses cookies. To continue using this website in the future, you are giving consent to cookies being used. More information on cookies or disabling features could be found in the Cookies Policy.

3.2 For information on how MC uses various types of personal data, please refer to our Privacy Notice.

4. The Financial Reporting Council’s Stewardship Code

4.1 Under the rules of the FCA Handbook, MC is required to include a disclosure of the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the “Stewardship Code”) or, where it does not commit to the Stewardship Code.

4.2 MC’s Stewardship Code disclosure statement is available on this Website.

5. Intended Audience of the Website

5.1 This Website is directed only at persons who are professional investors (for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (“AIFMD”)) (“Professional Investors”); professional clients or eligible counterparties (for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC) (“MiFID”)) (“Professional Clients” or “Eligible Counterparties”); or as otherwise defined under applicable local regulations and at whom this site and the information on it may lawfully be directed in any relevant jurisdiction. MC has been appointed to perform the services of portfolio management and risk management for the Fund and, accordingly, will act as the alternative investment fund manager (“AIFM”) of the Fund for the purposes of the Alternative Investment Fund Managers Directive (“AIFMD”).

5.2 The Website site is not intended to be used by any person in the United States other than persons who are "Qualified Purchasers" (as defined in the United States Investment Company Act of 1940, as amended) and/or "Accredited Investors" (as defined in Rule 501(a) under the United States Securities Act of 1933).

5.3 By accepting these Terms, you hereby certify that you are a Professional Investor, a Professional Client, an Eligible Counterparty, or a Qualified Purchaser or Accredited Investor.

5.4 It is your responsibility to inform yourself, and to comply with, all relevant legal or regulatory requirements of any jurisdiction of which you are a citizen, a resident, or are accessing this Website which may affect your eligibility to access the Website or subscribe to any investment services that MC offers. In particular, it may be illegal to view and/or download certain information contained on this Website in some countries and we disclaim all responsibility if acts mentioned in the previous paragraph are in breach of any law or regulation of the country in which you are a citizen, or a resident or domiciled.

5.5 The services, funds, and products described on this Website are not made available in all countries or to all investors. As such, this Website and the information stated do not address and are not directed at any person resident in the territory, country, or jurisdiction where such distribution would be contrary to the local law or regulation. Some funds are not available, and offering materials in relation will not be distributed, to persons resident in any country where such distribution would be conflicting to the local law or regulation.

5.6 Any person subscribing for an investment, product, or service referred to on this Website must be able to bear the risks involved with such investment, product, or service, and must meet the applicable suitability requirements relating to such investment, product or service. Some or all investment plans offered by MC may not be suitable for certain investors.

5.7 If any information provided by MC presented on this Website is unclear, you should seek professional advice.

6. Right to Deny Access

6.1 MC reserves the right to deny you access to this Website. We may immediately suspend or terminate your access to this Website or disable any username or password (whether chosen by you or allocated to you by us), at any time, and at our sole discretion.

6.2 We may have reasons to update the Website from time to time, though we are not under any obligation to do so. We may update or remove information from the Website without notice. From time to time, we may restrict or suspend access to some parts or the entire Website, i.e., for maintenance purposes. As such, access to the Website is not necessarily permanent or guaranteed.

7. Your Responsibilities

7.1 With the usage of this Website, you agree that you will not:

(A) use the Website for any unlawful, improper, or illegal purpose or activity, nor will you use this Website to damage our name or reputation, or that of any third party;

(B) misuse the Website by knowingly introducing viruses, Trojan horses, worms, logic bombs, or other material which is malicious or technologically harmful. Unauthorized access to the Website is not allowed, as well as the server on which the Website is stored, or any server, computer or databases connected to our website. You must not attack the Website using a denial-of-service attack or a distributed denial-of service attack;

(C) violate our, or any third party’s copyright, trademark, proprietary or other intellectual property rights, as outlined further below;

(D) access, copy, or otherwise use the Website, except as authorised by these Terms or as otherwise authorised in writing by MC in its sole and absolute discretion; and/or

(E) impersonate any person or entity, use a fictitious name, or misrepresent your affiliation with a person or entity.

8. Use of Website Content

8.1 In the United Kingdom, the issue and communication of this Website has been approved by MC. If you are in the United Kingdom or elsewhere in the EEA, you should note that this Website may contain information or documents which constitute a financial promotion for the purposes of the Financial Services and Markets Act 2000 and the FCA Rules. This Website is issued only to and/or is directed only at persons who are Professional Clients, Eligible Counterparties or Professional Investors.

8.2 The information on this Website does not constitute an offer of, or an invitation to apply for or purchase any securities, investments, products or services. MC does not provide investment advice to, nor receive and transmit orders from, investors in any funds, nor do we carry on any other activities with or for such investors that constitute ‘MiFID or equivalent third country business’ for the purposes of the FCA Rules.

8.3 The information and opinions on this Website do not constitute an investment recommendation, or other information recommending or suggesting an investment strategy.

8.4 The information and opinions contained on this Website have been compiled, or arrived at, by us from sources believed by us to be reliable as at the date of publication, however it is subject to change without notice. The information and opinions do not in any way constitute investment, legal, tax or other advice and are for background purposes only.

8.5 This Website is not intended to provide a sufficient basis on which to make any investment decision and you should not solely rely on it in evaluating the merits of investing in any investments, products or services referred to on this Website. Any decision to purchase securities or interests with respect to any funds must only be made having thoroughly read the relevant prospectus or offering memorandum for the relevant fund, including any supplements, which must be received and reviewed prior to any investment decision and which may contain information which is different from the information and opinions contained on this Website.

8.6 There is no way to invest through the Website. Enquiries about investments in any MC managed product should be sent to ir@maniyar.com

9. Accuracy of Information

9.1 We have taken reasonable care to ensure that the information on this Website is accurate, current, fit for its intended purpose and compliant with applicable law and regulation. However, errors and omissions may occur due to circumstances beyond our control, and neither MC nor its affiliates offer any warranties or representations regarding the accuracy, validity or completeness of the information on this Website.

9.2 As such, MC and its affiliates expressly exclude liability and responsibility arising from your reliance on the information and other materials on the Website, or the reliance of anyone with whom you share the materials.

9.3 You must conduct your own due diligence and investigations rather than relying on any information on this Website. Any person who acts on, or changes their investment position in reliance on, the information contained on this Website does so entirely at their own risk.

10. Our Liability

10.1 Further to paragraph 9, neither we nor our affiliates accept any responsibility for any reliance which is placed by any visitor to this Website, or by anyone who may be informed of any of its contents, on any information or opinions which are expressed herein and, to the extent permitted by law, expressly exclude all conditions, warranties, representations, undertakings and other terms which might otherwise be implied by statute, common law or in equity.

10.2 MC and its affiliates shall have no liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of our Website or other services.

10.3 Further, you agree that if you transmit confidential or proprietary information through the Website, you do so entirely at your own risk.

11. Your Indemnity

You agree to indemnify, defend, and hold harmless MC, its affiliates and our respective officers, partners, employees, and agents from and against all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your breach of the Terms and/or access to or use of this Website.

12. Third Party Websites

12.1 At times this Website may contain links to or from other websites over which MC has no control. These links are solely for your convenience or information, and may be subject to their own terms and conditions. We cannot verify the accuracy of any information contained in third party websites, nor does the inclusion of these links represent an endorsement or a recommendation of the third-party websites. MC accepts no liability for the content of any website to which the Websites link.

13. Investment Performance

You should note that investments do involve risk and past performance is not a guide to future performance. The value of your investments and the income from them may go down as well as up, and returns are not guaranteed. Tax reliefs may change as per the UK budget from time to time, as they have done previously, and rates of exchange may cause the value of investments to go up or down.

14. Calls Recorded

For the protection of all parties, telephone calls to MC or its affiliates may be recorded.

15. Intellectual Property

15.1 We are the owner of all intellectual property rights in the Website, and the material published on it, including, among other things, all trademarks, logos, service marks and service names, whether they are registered or not. These works are protected by, among other things, copyright laws and treaties around the world. We reserve all such rights.

15.2 You may use, download, and reproduce in hard copy, the Website and any materials located on it for your own reference only. You must not otherwise copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public, or otherwise use Website content in any way without licence from us. You also agree not to adapt, alter or create a derivative work from any Website content.

15.3 Nothing on this Website should be construed as granting any licence or right in relation to any of our trademarks, or any third party.

16. Changes to Terms

We may revise these Terms from time to time by updating this page. The revised Terms will take effect when they are posted. You are expected to check this page from time to time and to take notice of any changes we may have made, as by using this Website you acknowledge that you have accepted any such amendments.

17. Severability

In the event that any provision of these Terms is determined to be unlawful, void or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from these Terms (such determination shall not affect the validity and enforceability of any other remaining provisions). When used in these Terms the words ‘includes’, and ‘including’ shall be deemed to be followed by the phrase ‘without limitation’.

18. Material Interests

We and our partners, officers and/or employees may have holdings in the investment funds referred to on this Website and may otherwise be interested in transactions that you effect in those funds.

19. Term and Termination

19.1 These Terms will apply to you as soon as you access the Website and will continue to have effect until they are terminated or if you are no longer interacting with us.

19.2 We may terminate your right to use the functions of our Website at any time, including if you violate or breach these Terms or if allowing you to access and use the Website or its related functions would violate any applicable local, state, provincial, national and other laws, rules and regulations, or would expose MC to any legal liability whatsoever.

19.3 If these Terms are terminated or you are no longer interacting with MC, these Terms may no longer apply. However, any provisions of the Terms that by their nature should continue to apply after termination of these Terms will do so. This includes, without limitation, all limitations on liability, choices of law and judicial forum and intellectual property protections and licences.

20. No Waiver

No waiver by us shall be construed as a waiver of any preceding or succeeding breach of any provision.

21. Third parties

We shall have the benefit of the rights conferred on us by these Terms but otherwise no person who is not a party to these Terms may enforce its terms under the Contracts (Rights of Third Parties) Act 1999.

22. Entire agreement

These Terms (incorporating our Cookies and Privacy Policy) and our Disclaimer shall form the entire agreement between you and us in relation to your use of this Website.

23. Governing Law

These Terms and any non-contractual obligations arising from or connected with them shall be governed by and shall be construed in accordance with English law. English courts will have exclusive jurisdiction over any dispute arising from, or related to, use on this Website (whether arising out of or in connection with contractual or non-contractual obligations) (‘proceedings’) and it is a condition of using this Website that you waive any objection to proceedings in such courts on the grounds of venue or that proceedings have been brought in an inconvenient forum, although we retain the right to bring proceedings against you for breach of these Terms in your country of residence or any other relevant country

Privacy Policy

Privacy Policy

This Privacy Policy explains what Maniyar Capital Advisors UK Ltd. (“MC”) does with two types of personal data:

1. Personal data you supply to the firm in circumstances where you apply for a job at the firm either directly or via a third party recruiter.

2. Information you supply MC and its Investor Relations team as a prospective investor.

This policy applies if you are a client, an investor, shareholder, beneficial owner, officer, director, prospective candidate, employee or contractor, or prospective client or investor whose personal data MC collects and manages in conjunction with its business.

This policy is set out to comply with our legal obligations to you. Your privacy is important to MC, and the firm is committed to protecting and safeguarding your data privacy rights. The EU General Data Protection Regulation (Regulation (EU) 2016/679) (together with applicable implementing laws, “GDPR”) is applicable to the processing of personal data by MC and various undertakings appointed by it. We may amend this Privacy Policy from time to time. Please visit this page if you want to stay up to date, as MC will publish any changes here.

Please contact a representative of MC with any queries or concerns regarding the handling of your personal data: info@maniyar.com

1. What kind of personal data does MC collect?

Candidate data: In order to assess you for employment opportunities, MC needs to process certain information about you. MC only asks for details that will genuinely help to assist in this process, such as your name, age, gender, contact details, education details, employment history, emergency contacts, immigration status, financial information (where we need to carry out financial background checks) social security number as well as verbal and written references. Where appropriate and in accordance with local laws and requirements, we may also collect information related to your health and any criminal convictions.

Prospective investor data: In order to provide you with information about MC and its funds and associated investment opportunities it may be necessary for MC to process certain personal information such as names, telephone numbers and email addresses and any personal identification documents you supply in order to confirm your identity.

2. How does MC collect Personal Data?

MC may collect personal data through a range of means. These may include:

a) direct interaction where you provide us with your personal data through telephone or email correspondence or other methods such as investment applications or for prospective employment.

b) third party interaction such as intermediaries or banks or through third party recruitment firms for prospective employees.

c)other public sources

MC does not collect information about you via its website except via the use of cookies. Please refer to our separate Cookies Policy.

Please be aware that if you visit MC’s offices CCTV is in use for security purposes and that you will be recorded in public areas of the office.

3. How does MC use your personal data?

Candidate data: Your personal details are used by MC to help us (a) assess your suitability for roles that you have applied for either directly or via a recruiter (b) carry out background checks, verification and referencing on you as a candidate (c) to carry out MC’s obligations relating to any potential contracts entered into between MC and you; and (d) to comply with legal or regulatory obligations applicable to MC.

The provision and processing of your personal data is necessary for MC in the context of your potential employment. Without the ability to process your personal data, MC would not be able to assess you for employment at the firm and therefore MC has a legitimate interest in processing your personal data as part of its pre-employment screening.

Prospective investor data: information about prospective investors is used by MC (a) for the purposes of discussing and reviewing potential investments in MC funds (b) assessing an investor’s appropriateness to invest in the fund as an unregulated collective investment scheme (c) to carry out MC’s obligations relating to contracts to be entered into between MC funds and you; (d) for the general administration of potential investments into the MC funds; and (e) to comply with legal or regulatory obligations applicable to MC.

In order to ensure MC provides you with efficient investor relations service and access to information about MC and its funds, MC will store your personal data and/or the personal data of individual contacts at your organisation as well as keeping records of conversations, meetings and investor preferences. The provision and processing of your personal data is necessary for MC in the context of your potential interest in the fund. Without the ability to process your personal data, MC would not be able to assess you as suitable to invest in the fund and therefore MC has a legitimate interest in processing your personal data as part of its investor screening activities.

4. Who does MC share your personal data with?

Candidate data: Your personal data will be shared internally with any of MC’s group companies for the purposes of candidate selection and appointment. Your personal data will also be shared with inter alia third party suppliers who provide screening and testing services to the firm as well as legal, tax and HR advisers and third party recruiters. If references are sought MC will also share your personal data with previous employers and referees.

Prospective investor data: MC will share personal data on prospective investors with inter alia the fund boards, administrators to the funds, legal, tax and accounting advisers as well as third party financial intermediaries in certain instances.

Personal data will only be disclosed by MC to a third party in circumstances where that third party has agreed to respect the security of personal data and treat it in accordance with applicable law. Third parties to whom any personal data may be disclosed will be permitted to use personal data only as described in this policy and they will only be permitted to process personal data for specified purposes and otherwise in accordance with the instructions of MC.

5. Transfer of Personal Data outside the European Economic Area

If in future MC transfers personal data outside the EEA, it will seek to ensure a similar degree of protection is afforded by ensuring that personal data is transferred only to persons in countries outside the EEA in one of the following circumstances.

• To persons and undertakings in countries that have been deemed to provide an adequate level of protection for personal data by the European Commission.

• To persons and undertakings to whom the transfer of such personal data is made pursuant to a contract that is compliant with the model contracts for the transfer of personal data to third countries from time to time approved by the European Commission.

• To persons and undertakings based in the United States if they are part of the Privacy Shield which requires them to provide similar protection to personal data shared between Europe and the United States.

6. How does MC safeguard your data?

MC has in place security measures to prevent personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. These security measures include procedures to deal with any suspected personal data breach. MC will notify any affected person and any applicable regulator of any personal data breach in circumstances where they are required to do so by applicable law.

7. How long does MC retain your personal data for?

How long we may hold your personal data for will vary based on different criterias. The retention period will depend on legal obligations or the usage purpose.

You have the right to obtain information regarding the processing of your personal data and request access to any personal data concerning you that MC is processing. Whilst MC takes efforts to ensure that all personal data that it processes is accurate and up-to-date, you may ask MC to rectify any inaccurate or incomplete personal data concerning you and MC will do so without undue delay. You have the right to withdraw your consent to the processing of your personal data at any time. Please note, however, that MC may still be entitled to process your personal data if we have another legitimate reason for doing so.

8. Recording and Monitoring of Calls and Other Communications

MC may record and monitor various forms of communications for regulatory purposes including telephone calls with MC. Emails or other electronic communications may be stored for legal or regulatory purposes.

Cookie Notice

Cookies Policy

This Cookies Policy describes how Maniyar Capital Advisors UK Ltd. or its group companies handle certain of your personal information provided to us via cookies. It applies generally to our site. In this notice, “we”, “us” and “our” refers to Maniyar Capital Advisors UK Ltd. or any of its group companies that may receive and use personal information from cookies.

1. What are cookies?

Cookies are small text files which are placed on the computer of a website user to provide the website operator with information about use of our site. They are used to enable websites to function or to provide information to the owners of a website.

Some cookies are deleted when you close down your browser. These are known as session cookies. Others remain on your device until they expire, or you delete them from your cache. These are known as persistent cookies and enable us to remember things about you as a returning visitor.

2. Why do we use cookies?

In broad terms we use cookies on our site for the following purposes:

Analytical purposes: Analytical cookies allow us to recognise, measure and track users of our site in anonymous form. The information collected includes the number of visitors to our site, where visitors have come to our site from and the pages that they have visited. This helps us to improve the way our site works, for example, by determining whether site visitors can find information easily, or by identifying the aspects of websites that are of the most interest to them.
Usage preferences: Some of the cookies on our site are activated when visitors to our sites make a choice about their usage of our site. The site then ‘remembers’ the settings preferences of the user concerned. This allows us to tailor aspects of our site to the individual user.
Important Notices: We use cookies on our site to record when a site visitor has seen a policy, such as this one, or provided consent, such as consent to our Terms of Use/ Important Notices.
Functional purposes: Functional purpose cookies store information that is needed by our applications to process and operate.

3. Your cookie preferences

To make full use of our site, your computer or mobile device will need to accept cookies, as our site will not function properly without them. In addition, cookies are required in order to provide you with personalized features on our site.

4. Third party cookies

When you visit our website, you may receive cookies that are set by third parties. These may include cookies set by Google. We suggest you might wish to check the third-party websites for more information about their use of cookies and how to manage them.

5. Amending cookie preferences

If you wish to remove cookies set by our site from your browser in the future, you may delete them. The instructions for removing cookies from your computer or mobile device depend on the operating system and web browser you use. Please note, however, that withdrawing your agreement to the use of cookies on our site will impair the functionality of our site.

6. Information we may collect from you

We may collect and process the following data about you in accordance with this Cookies Policy:

information that you provide to us via our site;
if you contact us, we may keep a record of that correspondence and may record telephone calls for regulatory compliance and record keeping purposes; and
details of your visits to our site and the materials and information that you access.

7. Use of your information

We may use data held about you in the following ways: to support your interaction with us, including to ensure that the content of our site is presented in the most effective manner for you and your computer, to provide you with information you may have requested through our site, to notify you about changes to our site and to ensure the ongoing accuracy and relevance of such data;
to carry out any security or other verification activities to ensure the proper operation of our site or to ensure compliance with our regulatory obligations; and
for general internal research purposes, including to identify and analyse the regularity of the use of our site and the nature of our site’s users;

We may disclose your personal data to our affiliates, agents and contractors (including to parties located outside the European Economic Area) for the purposes stated above. We may also disclose your personal data to third parties (including to parties located outside the European Economic Area):

in the event that we sell or buy, or one or more of our affiliates sells or buys, any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets;
if we or our assets, or one or more of our affiliates or our affiliates assets are acquired by a third party, in which case personal data held by it about its clients may be one of the transferred assets;
if we, or one or more of our affiliates are under a duty to disclose or share your personal data in order to comply with any legal or regulatory obligation; or
in order to enforce or apply our Terms of Use and other agreements or to protect our rights, our customers or others.

By using this site, you consent to processing of your personal data in accordance with our Terms and Conditions and this Cookies Policy and you warrant that all data provided by you is accurate.

Market Soundings

Should you wish to carry out a market sounding, please first contact Maniyar Capital Compliance on: Compliance@maniyar.com.

Alternatively, please call the main switchboard on +44(0)20 3994 1860 and ask to be put through to Maniyar Capital’s Compliance team.

Additional Disclosures

These documents include information about Maniyar Capital Advisors UK Ltd. (“MC”) and investment funds and accounts under its management. Each such investment fund or account is referred to as a “Maniyar Fund or Account,” with all of them collectively, the “Maniyar Funds and Accounts.” MC is authorised and regulated by the U.K. Financial Conduct Authority. MC is a Registered Investment Adviser with the US Securities and Exchange Commission and is registered with the US Commodity Futures Trading Commission as a Commodity Pool Operator and is a member of the US National Futures Association. Being registered with the SEC does not imply a particular level of skill or ability.

These documents are based upon proprietary information and presented solely for purposes of discussion. Under no circumstances should these documents be used or considered as an offer to sell, or a solicitation of any offer to buy, interests in any Maniyar Fund or Account, nor shall it or the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract therefor. Any such offer or solicitation may only be made in a private offering to qualified investors pursuant to such Maniyar Fund or Account’s offering memorandum, organizational documents and subscription agreement(s).

The information and opinions contained in this document are for the purpose of providing background information only, do not purport to be full or complete and do not constitute investment advice. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this document by MC or any Maniyar Fund or Account or by their respective Personnel and no liability is accepted by any of the foregoing for, and no reliance should be placed for investment purposes on, the accuracy or completeness of any such information or opinions. “Personnel” includes employees, active partners, members and directors.

Complaints

If you are dissatisfied with any aspect of the AIF management services provided to you by Maniyar Capital Advisors UK Ltd. (‘MC’), you may write to The Compliance Department, Maniyar Capital Advisors UK Ltd., 25 Soho Square, London W1D 3QR or compliance@maniyar.com. We take every complaint from customers seriously and your complaint will be handled in accordance with the relevant rules of the Financial Conduct Authority (FCA), which may differ depending upon your status. MC has a written internal complaints handling policy, as required by the FCA rules. You can obtain a copy of this on request, and in the event you should have cause for complaint about the AIF management services which MC provides, a copy of the policy will be sent to you. In the event we fail to resolve a complaint to your satisfaction, or if we fail to do so within eight weeks of receiving your complaint, you may be entitled to refer your complaint to the Financial Ombudsman Service at Exchange Tower, Harbour Exchange Square, London, E14 9SR. Telephone: 0800 023 4 567 or at www.financial-ombudsman.org.uk

I&D Statement

I, E & D Statement

As an organisation, Maniyar Capital (“the Firm”) believes that diversity in the workplace is an important component in enabling robust and smart decision-making. The Firm believes that the combination of a diverse staff and a collegial approach creates a cognitive diversity that leads to stimulating debate, constructive challenge and the rapid development of ideas. This can in turn lead to an important source of innovation. The Firm actively encourages its teams to leverage the full range of their different experiences, perspectives and cultural insights.

The Firm believes that the full range of Inherent Diversity (Ethnicity, Gender, Age, Sexual orientation and Disability) and Acquired Diversity (Socio-economic, educational, political, beliefs, country, culture and linguistic) pools have the potential to contribute to better outcomes for the Firm and its clients.

The Firm is conscious that building a diverse workforce is not in itself enough to achieve the potential benefits and that encouraging and facilitating both equality and inclusion are key if the Firm is to fully enable its staff. As it grows the Firm is striving to create a workplace in which all staff members feel at home and where everyone receives the opportunities, encouragement, training and support that they need to develop and achieve their full potential.

Inevitably the creation of a fully diverse and integrated workforce takes time, and the Firm is still in an early stage of its corporate development. There are several areas where Maniyar Capital has made progress in improving its diversity pools following the implementation of strategies to facilitate this goal. When Maniyar Capital engages with professional search firms, the Firm seeks diverse candidate pools where possible and, when soliciting resumes, it asks for balanced representations where this can be achieved. Maniyar Capital has also sought name and gender-blind resumes in the initial stages of several recruitment processes to assist in reducing unconscious selection bias.

Maniyar Capital aims to provide periodic updates on the Firm’s diversity, equality and inclusion initiatives in due course.

ESG Statement

ESG Statement

Maniyar Capital (“the Firm”) is a global discretionary macro manager and seeks to generate returns through short-term trading of a portfolio of securities and derivatives that are impacted by changes in interest rates, currency rates, equity indices, commodity prices, credit spread indices and the relative value between stocks.

All market price risk, including ESG factors, is the responsibility of the CIO who is also responsible for the supervision of the stewardship of the Fund’s investments. The Firm’s Board is responsible for the assessment and management of ESG risk across its operating model and is committed to the use of sustainable business practices where practical. The Board focuses on a range of aspects including recycling, premises design and materials, energy and water consumption management, workforce health and safety, optimising business travel and the facilitation and encouragement of low-impact commuting. The independent monitoring of portfolio ESG risks and the associated infrastructure, methodologies and support is the responsibility of the Firm’s CRO.

The Firm seeks to manage its business and its investments in a socially responsible and sustainable manner. The Firm believes that Environmental, Social and Governance (“ESG”) issues and Climate Change Risks associated with the countries where we invest have the potential to materially impact the value of the Fund’s investments. As such, the firm seeks to assess these factors as part of the overall risk assessment process. Where the CIO believes there is a mis-pricing opportunity, a risk associated with ESG/Climate Change datasets, and/or market trends associated with these risk factors, he will consider these factors in the implementation and/or subsequent risk management of the applicable investment strategy.

The Firm believes that many ESG and Responsible Investment (“RI”) themes and risks are typically medium to long-term in nature. We have observed that the short-term investments in the markets that form the core of the fund’s investment strategy are often not consistently driven by these factors over the applicable investment horizon. The Firm believes that the sovereign ESG transparency and datasets that are currently available are not yet of sufficient frequency nor consistency that our analytical and quantitative techniques can derive clear and reliable tradable signals in interest rate and currency markets. We believe that there is scope to apply quantitative techniques constructively to ESG datasets in equity markets and that this may present future opportunities for investment.

In addition, the Firm believes strongly in the importance of managing the portfolio in such a way such that the pecuniary returns and associated risks are not sub-ordinated to ancillary risks and opportunities.

Where possible and practical, the Firm’s policy is to seek to exercise the Fund’s voting rights in line with good stewardship principles through Broadridge’s ProxyEdge service, subject to limitations imposed by the nature of the financing arrangements used for establishing leveraged exposures to these holdings, i.e. where rehypothecation or swap financing impedes the ability of the manager to exercise voting rights. As part of this process, the Firm assesses the liquidity management, fiscal and margin requirements associated with all equity positions in determining the economic and risk management implications of facilitating the voting of stock.

We have assessed the potential benefits of subscribing to MSCI’s ESG Business Involvement screening service to support the integration of revenue-sensitive screens into the Fund’s quantitative equity relative-value trading strategies and have also assessed their Sovereign Rating services. We anticipate further evaluation of these services over the coming year. In addition, we are continuing to assess Bloomberg’s ESG analytics in support of the risk analysis of applicable sub-strategies.