Chiron Investment Management, the New York and Kansas City headquartered boutique, has teamed up with UBS to launch a multi-asset strategy sub-fund to its Ireland domiciled Chiron Funds Icav, which will be targeting capital preservation and total return, while seeking sales in the UK, Spain, Germany, Austria and the Netherlands.
The Ucits compatible Chiron Global Opportunities fund launched with $100m, initially attracting assets from Hong Kong, Singapore and Switzerland. The strategy relies on what Chiron describes as a “quantamental” investment process, which it deems a hybrid of quantitative modeling with fundamental research. The manager has used the quantamental approach in its Capital Allocation fund for the past 19 months.
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, will jointly manage the fund.
Caldwell previously co-managed Ivy Investment’s $40bn World Allocation Fund until leaving and launching Chiron in 2015. He referenced Chiron’s ability to raise some $700m over 19 months as evidence of the attractiveness of the quantamental process.
The new Global Opportunities fund will apply some 75 factors to more than 4,000 global companies, to develop a universe of some 500, before fundamental analysis is done to construct the portfolio.