About us

Established in 2009, RGL Capital LLP is a UK - based independent absolute return asset management and advisory firm. RGL Capital manages assets on a discretionary basis, focusing on opportunities in Global Macro space. Our objective is to provide our investors with outstanding risk-adjusted returns in all market conditions. RGL Capital is authorised and regulated in the UK by the Financial Conduct Authority.

Our investment process is "top down macro", supplemented by careful instrument selection. We focus on market dislocations created by non-profit maximizing markets participants (e.g. Central Banks) and sub-optimal behavioural patterns of individual and institutional investors (e.g. confirmation bias). In our risk management strategy we concentrate on preserving capital and maintaining liquidity in the portfolio. Our edge comes from experience. Members of the portfolio management team have been investing in global markets for a considerable amount of time and witnessed a number of both bull markets and global crises. 

Chief Investment Officer

Igor Ojereliev

Before launching RGL Capital in 2009, Igor launched and managed emerging market hedge funds for Proxima Alfa, RAB Capital and prop book at Deutsche Bank, where his funds were noted as performance leaders in their peer group. Prior to this, he managed mutual funds investing in emerging markets in at Threadneedle Asset Management and Citigroup Asset Management, after starting his career in 1992 as an analyst and then trader in the investment bank Bear Stearns in New York. Igor also holds an MBA Honours degree from NYU Stern Business School and an MA honours degree from Moscow State University.

Head of Business Development and Internal Control

Neil Warrender

Business manager and compliance officer. Formerly Director of Compliance and Accounts at RAB Capital, a London leading hedge fund manager, Neil was responsible for compliance, management and statutory accounts and for managing new fund launches. During his time at RAB, Neil project managed more than 20 fund launches. In 2006 Neil was chosen by AIMA to be one of 15 experts advising the European Commission on hedge funds. Neil successfully trained as a chartered accountant with Ernst & Young and his roles since have included a spell on a supervision team with the FCA.

Director of Economic Research

Lars Pedersen

Formerly at AllianceBernstein Asset Management, Lars has supported risk-takers at several buy side institutions and hedge funds focusing on emerging markets. Lars also worked at Merrill Lynch, Credit Suisse, and Lehman Brothers in New York, focusing on foreign exchange markets, and also at the IMF in Washington in its Global Financial Stability Division. He specializes in using large scale internet data sources to model the drivers of market price action, focusing on the role of balance sheet adjustments. He graduated from Columbia University with a Ph.D in Economics.

Client Relationship Manager

Daria Ratobylskaya

Daria holds a BSc honours degree in Economics and Finance from the London School of Economics (LSE) and a Master’s degree in Luxury Fashion Brand Management at the Istituto Marangoni in London. She has previously worked in the Corporate Strategy and Development department of Soyuz Corporation, a leading company in the electrical energy sector in Russia. Daria has also undertaken a placement at luxury fashion brand Diane von Furstenberg (DVF) in London, where she assisted in international accounts management.


Ian Forrest

Ian oversees middle office and operations at RGL Capital. Formerly head of middle office at RAB Capital, Ian was responsible for overseeing the growth of RAB’s middle office from a team of 3 to a group of more than 20, looking after more than 30 funds across 15 different strategies, during which time assets grew from $250m to over $7bn. Whilst at RAB, Ian oversaw the integration of funds managed by Cross Asset Management and project managed the implementation of RAB’s web-based front-end system. He also oversaw the launch of new hedge funds, managed accounts and UCITS products. Ian holds the IMC qualification and is one of the founding partners at LPR Consulting, a partnership that provides out-sourced middle office services, fund accounting and general advice on best practice and efficient operations for investment management firms.

Compliance Manager

Alex Bratt

Formerly senior compliance manager at HSBC Global Asset Management, Alex was responsible for compliance advice to the institutional client business and a specialist business focusing on active investment management. Alex previously worked in compliance at State Street Global Advisors and RAB where she was responsible for delivering the monitoring plan and reporting findings to senior management.

Get in touch with us on   +44 (0) 203 907 3842 or write to us on our  Contact Page