Method before conviction
Every investment decision rests on documented research, a clearly defined risk-management framework and rigorous traceability of the decision-making process.
Since 2019 · Denver, Colorado
Investing with method. Supporting with commitment.
P. CALDRAY MARKETS brings together its expertise in capital markets, institutional trading, wealth management and investment research within a single structure. We serve institutional, professional and private clients across the world’s major markets.
Our principles
Three principles that guide our actions
Aligned interests
We invest on the same principles we apply to our clients. We state our convictions clearly, including when they differ from market consensus.
Constancy over time
We favour consistency of results over the long term rather than exceptional performance in any single year.
Our approach
A four-step investment process
- 01
Understand
We begin by defining your constraints, your investment horizon and your risk tolerance before making any recommendation.
- 02
Structure
We build a coherent, documented and adaptable allocation suited to your profile and your objectives.
- 03
Execute
We implement investment decisions with rigour, paying particular attention to costs, liquidity and quality of execution.
- 04
Review
We review allocations regularly in light of market developments, your objectives and your circumstances.
Our Expertise
Explore our expertiseFive activities, the same high standards
Institutions · Corporates · Professionals
Capital markets
Advisory and structuring of capital markets transactions, from preparation to execution, for issuers and investors alike.
Funds · Banks · ProfessionalsInstitutional trading
Order execution across equity, fixed-income and derivatives markets for institutional and professional clients, with particular attention to costs, liquidity and quality of execution.
Private clients · Family offices · EntrepreneursPrivate investment
Supporting private clients and families in their private market investments, alongside their existing advisers and partners.
Research
Explore our researchIndependent research in the service of investment decisions
- Asset allocation — Multi-asset portfolio construction, analysis of trade-offs between asset classes and overall risk management.
- Equities — Fundamental analysis, valuation and monitoring of US, European and Asian equity markets.
- Rates & credit — Analysis of yield curves, credit and financing conditions by region.
- Derivatives & hedging — Hedging strategies and management of the market and execution risks associated with derivative instruments.
- Macroeconomics — Tracking the economic cycle, monetary policies and their implications for financial markets.
- Private investment — Analysis of private markets, investment structures and exit conditions.
Our market coverage is monitored continuously and feeds all of our activities. It also underpins the periodic publications produced for our clients.
Going further
Contact usLet’s discuss your objectives
Institutions, professional investors or families: our teams are at your disposal to understand your needs and direct you to the right contact.