Chiron Investment Management, a boutique, multi-asset investment management firm, has launched a new UCITS fund, the Chiron Global Opportunities Fund.
The fund will employ a multi asset class strategy that will seek to preserve capital while generating a total return that outperforms its peers and relevant benchmarks.
The fund was launched in collaboration with UBS and is domiciled in Ireland as a sub-fund of Chiron Funds ICAV, an Irish UCITS structure.
Chiron will employ its signature quantamental investment process for the fund, which the firm describes as a hybrid combination of rigorous quantitative modelling with deep fundamental research. The process, which the firm has employed via its Capital Allocation Fund (CCAPX) over the last 19 months, has proven to outperform Morningstar’s World Allocation Category by more than 4 per cent.
The fund is collectively managed by Ryan Caldwell, co-founder and CIO of Chiron, Grant Sarris, portfolio manager and head of fundamental research, and Brian Cho, portfolio manager and head of quantitative research. Caldwell, who previously co-managed Ivy Investment’s USD40 billion World Allocation Fund until leaving and launching Chiron in 2015, is a pioneer in the World Allocation Category.
“Through employing our quantamental process we have managed to mitigate risk in an environment of increased uncertainty and market volatility, which we can now offer investors overseas,” says Caldwell (pictured). “In just 19 months Chiron has raised over USD700 million AUM, an achievement I credit to our commitment to our investment process and deep bench of expertise.”
The fund will be comprised of a globally diverse portfolio, targeting opportunities across different regions, industry sectors and across the capital structure. Chiron will apply a factor framework of over 75 factors to over 4000 global companies to filter the universe to roughly 500 companies before applying deep fundamental analysis to further narrow the opportunities and construct the portfolio.
The fund launched with USD100 million in AUM, initially attracting assets from Hong Kong, Singapore and Switzerland. The fund is also currently registered for public offer and sale in the UK, Spain, Germany, Austria and the Netherlands.
